I am a realist, we are probably going to clash in the future. You are a spruiker, wildly positive statements, cheering your investment trying to oversell. I tend to try and be honest, though biased, as I do own stock, look at both sides so people get a true picture.
The contract for DVP is OK, not world shattering, and likely to lead to future work at Mt Marion. No issue. Keeps the engineering guys happy and division turning over, actual profit to DVP will be small, say at a guess $5M? Not outstanding and not I saw people spruiking earlier on this board.
Ellison does want to control DVP, he wanted DVP to have ESS.... there is a reason. Yes, this maybe very beneficial in the future, MIN may strike in few years at DVP, depending on drilling shows on ex-ESS property. Other units of DVP would integrate quite nicely into MIN. Before that happens Ellison will "attempt" to keep DVP under his thumb.
I have been involved in 2 Ellison TO, I have seen this happen, twice.
Ann: Develop Awarded Mt Marion Contract, page-44
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