MJ is a strange beast indeed. He talks the talk to shareholders and folk like Samso, then goes quiet and says he can’t give any details on operations. I hope he’s genuine.
I disagree that IBG is a dead duck, and I know the prospect of borrowing $650m plus is quite daunting but
I wouldn’t be surprised if there is more behind the scenes than can be divulged, or otherwise we’d have been put out of our misery already as required by ASIC and director’s duty. IBG can’t get over the line for funding with EXIM, that Citronen will be on the market to the highest bidder,(IMHO circa $50-$60m) and those funds will allow more in depth exploration of the company’s Australian gold assets, ie Fiery Creek.
This is my opinion on where we could be headed.
This is what I would do if I were the boss!
On another note, I feel that the SP has hit its bottom around 1.1c and should represent good value for the upcoming news season.
Fingers crossed folk!!
What happened to Footy anyway? Was he scratched from HotCopper?
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