Fun fact: Superior’s Market Cap is still at about $100m, same level as it was first listed back in 2017 with same level of cash balance. Vango’s market Cap back in 2017 was merely $8m with some debt. Superior could have bought Vango out at a fair price and it didn’t. After all these years of pressure, hostilities and litigation, Vango’s Market Cap has grown to $40m plus and I think history is going to repeat again, if Superior continues down this path. Never underestimate the Aussie resilience.
The “real world consequences” I can see here, is that Vango is now 5 times more expensive for Superior Gold to buy. My sincere hope is for Superior to become a billion dollar plus company, so it can finally afford to offer Vango a fair deal. If not, good manners help too.
VAN Price at posting:
3.4¢ Sentiment: Hold Disclosure: Held
