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13:46
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Originally posted by coto:
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It is a possibility, but there are a huge number of low cap (penny stock) peers out there with small but solid gold resources worth a fortune right now at todays prices - ODY, VRL are just a couple. These companies are struggling because it is an uphill battle to raise funds at such low share price zones with plenty of shares already on issue. Makes it difficult to pay the way to development. For a low to mid cap producer like us with cashflow coming in, there are plenty of cheap opportunities right now to expand on our 1.8 Moz Au IMO. Better to get in fast and snap them up before everyone else wakes up to them...
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M&A is OK if and when our SP triples to 20c. We need to get there first, as any such activity now will stifle our SP again. Plus the dilutionary factor...
(20min delay)