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25/08/17
11:35
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Originally posted by tomac
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I could imagine that all those corrections are initiated by LW in order to get Kebigada or everything cheaper.
That how it works. If you want to buy something cheap you point out all the small defects in order to save some money.
I also can imagine that Klaus and all the big shareholders are not happy with this games beeing played.
Best action was to unify 40% of votes under JPM Nominess.
Anything may happen next weeks.
A takeover by the Chinese at a more or less satisfying price.
Chairman voted down by majority and LW not completing stage 2 and 3.
15mio to spend in exploration and measured resource.
LW convincing the rest to go for fast production with limited exploration,
no PFS, DFS and MRS.
For this they would need to to pull a rabbit out of hat.
LW agreement stage 1 will not be ratified at EGM due to major quarrels.
LW out. No Money. Maybe JPM in at 4-5c.
Maybe takeover by Randgold @6-7c but then only @ 1.2bn shares.
Someone like Sprott stepping in @ 3,5 to 4c.
My opinion...
If we see a takeover by Chinese between 8-10c....well done.
If not Klaus maybe should habe gone for a 4c CR with a partner pursuing same goals.
Anyway...now @ 2.9c all this options are better than 2.9c.
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Tomac.
Point out tiny defects..........I am sure you have met a few
used car salesmen recently.
exactly how they work you over.