I think that if I was advising SRK this is what I would tell them:
1. Hold, just hold … but
2. If you really want some cash in the next 12 months, sell 10% and hold the rest … but
3. If you need more cash in 3 months - then sell another 10%, You may well get 50% more than the first tranche. Hold the rest.
4,5,6 Etc Rinse and repeat. You don’t sell a resource that you expect to double or triple.
Happy Mother’s Day (Australia) tomorrow.
Ann: Extension of Massive Intersections of Brine at Solaroz, page-75
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