G’day @pehsan.
it is probably more likely that Hartleys 90+ million shares from the last CR at 5.3c is what is keeping us in this range...
We’ve tried to make a move a number of times now but always seem to pull back to 5.3c... If the above assumption is correct and it is Hartleys selling at anything above 5.3c, then 90+ million is a lot to churn for us... To do this quickly we would need a major with deep pockets buying up to take them out. Enter stage left Yahua.
This is what I am hoping Yahua will do. But one thing about Yahua is that even though they have a history of buying big stakes/taking over companies...I think in order for us to see them swiftly buy on market, they need to feel threatened. Enter stage left Ruifu.
I’m hoping the Ruifu deal gets done this month. If I were management, I would play a bit of strategy: give Ruifu a 3 month standstill period where they can’t buy on market. This would give Yahua enough time to freely accumulate for 3 months (assuming they want to), but it is still a timeframe which would put a bit of a rocket up them to get things moving...
Will be interesting to see what happens.
All I know is this month will be a gangbuster month of announcements for us. I’m sure any other stock with a tight register and a top 20 holding a considerable amount would go on a run off the back of all these great announcements. If we run and can leave 5.3c behind, then this might confirm that it’s not Hartleys suppressing the SP with their selling.
If after a Grants resource upgrade, BP33 resource upgrade, Sandras maiden resource announcement, PFS, possible Ruifu deal, Lee’s-Booths, Carlton’s, massive regional campaign....IF AFTER ALL THIS we end up settling back at 5.3c, then this should hopefully be enough to make management realise that their love affair with Hartleys needs to end, as it is poison to our SP. Yes they help us raise money to continue our activities, but if it comes at the cost of a SP that is never able to gain any momentum or SP traction...you have to ask is Hartleys the partner we want?
At the end of the day, you can see all the effort management is putting in on and off the field. You can see all the boxes getting ticked, you can see that we are making all the right moves...but unfortunately the SP isn’t reflecting managements hard work IMO. I imagine this would be frustrating for management. It could very well be because of Hartleys and their finger on the sell button.
Anyway, all hypothetical and IMO. Let’s see what the rest of November brings. Things are looking good.
We can’t stay at a 30mil MC forever...
GLTAH
(20min delay)