If Hawke’s Point is maxed out at 20%, then why are they on 31% of Ora Banda?
It would be best if you had clarified that the 20% rule does not apply when there is target shareholder approval.
As we know, Shareholder approval = Board approval.
Hawke’s Point will not be allowed to move to 30% soon because they could make a lowball TO offer, as they tried with Capricorn.
But when the conditions outlined in my previous post are met they will be allowed to move to 30% + Right now, Hawke’s Point and the Venus/ Redscope (single entity) + Q Gold opportunists are balanced out at around 20% each.
That balance makes a TO near impossible.
The Rox Board will not allow Hogan’s conglomeration to advance.
Hogan probably demanded to be on the Board as part of the Rox/Venus consolidation.
But he is one of 4 and without support to advance his stake imo.
Rox will wave Hawke’s Point through around the time of the FID.
Looking forward to the new drilling campaign.
It’s likely to be ambitious, multi-rig and start before Xmas.
Fasten seatbelts for 2025; it will be a huge year for Rox.
@ mondo1960 The retail “phase” in the development of the Youanmi Gold project is over, and the insto/funds phase has begun.
Rox doesn’t need us to raise cash now, as shown by the outstanding result of the recent CR.
That’s a positive milestone.
Unfair? It’s business.
Watch the Godfather series as an intro to ASX gold juniors lol.
(20min delay)