Well I've been a thinkin' ...
Strategically this decision could play out very well, and you all know I'm not rosy all the time so I'm not trying to put a positive spin on this but just some out of the box thinking, which has done me well over the years ,,, (except after I've had a couple wines) ,,, lol
NOW ,,, Why hunt the cash for the spin-out rather than build the book, return positive results, and then spin-out with practically no equity raise - long term shareholders will be rewarded. Ian seems to be making the sensible move here and my gut tells me that Gold results are likely to be very solid.
This coupled with my short term projections of Gold itself based against the overall trend in markets over the next 4 to 6 weeks is very timely ...Very, very smart. I like this move.
Regards, NL.
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