New regime,
That seems a "glass 200% full" post of yours.
I agree with Cuedeco's view of current share price bleak in line with many of small cap & specualtive stocks sector of the market.
BUT I also agree with the portion of Boysy's post about raising the question - why would management sell a significant percentage of the crown jewels (derby block) for apparently so little.
Guess that in time the rationale behind that move will become apparent. At the moment my logic tells me that it was more about "de-risking" risk management - similar to earlier OBL move to de-risk when they farmed out a deal with "GRK" (Green Rock).
OBL holders should be aware that OBL is not a one trick pony & one of their tricks could pay off nicely.
Imagine if they (OBL) exchanged their interests in projects (Cyrano, Vic offshore, Derby, Backreef) for a percentage royalty deal to a "major" ... now could that be a glass 1,000% full?
New regime,That seems a "glass 200% full" post of yours.I agree...
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