Call me cynical but I can see this company going private with GC running the show at an arms length, T20 are well positioned at >50% and not exactly jumping over each other to increase that holding despite the bargain prices, that is they have the numbers they need. Retail continues to carry the can but can't see any joy on the horizon, most will jump ship at $2 leaving behind a T20ish consortium made of 'invite only' sophs and instos to do as they please, most likely let GC fund and operate the mine while they collect royalties... I can see this playing out after maybe one more CR, hope I'm wrong but I think the likelihood of such a scenario is increasing by the day, UBS will continue to drag us down, just like Taurus before them and a few other major players. CE can point to the bear market all he likes but we all know the games that have been played here, we've missed the boat....
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Call me cynical but I can see this company going private with GC...
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