"Chalice has not raised any capital since 2011 thanks in large part to its unique technically and commercially driven exploration business model. The Company has made several well-timed asset sales which have generated net proceeds of >A$100 million to date. Over A$36 million has been returned to shareholders since 2012."
Chalice Gold Website
Referring to Chalice, Tims Primary play on the ASX before Liontown took off is where I got the understanding that if Tim sells KV and keeps Buldania its likely he will keep substantial fiscal assets i.e. money in LTRs bank account post KV sale.
If that sale of KV were to happen.
I like most think it likely a KV sale in some form will happen but until "that" announcement happens we are all just speculating.
The paragraph up top as stated is taken directly from The Chalice website which I read up when I was first investigating LTR a couple of years back.
Going off this (which is not an accurate way to do it as its not comparing apples with apples I know) but it is the only indication we have from past action as to Tims "modus operandi". Anyway in the case of Chalice he's sold assets worth something over $100 mil and returned to date since 2012 (so plenty of time to do it) over $36 Mil.
This is not the outcome many think or hope will come from a KV sale but the ratio should be at least considered by intelligent, prudent investors.
I think the ratio of return likely to be far higher in any KV sale but what I think doesn't matter two squirts.
Long game players (often younger people) would love the scenario of getting a nice cheque soon but waiting for the big paydays down the track that a well developed super cashed up Buldania going into a rising lithium market could give. Especially when combined with the potential of a massive Vanadium asset and whatever else Tim would buy into the company.
Shorter game players (usually the older people) would not be so happy to only get even, lets says, 50 percent returned to shareholders from a KV sale.
It could of course be much more but that would all depend on what the board has in mind for Buldania and the company post KV, IMO.
If they intend to sell the whole lot, that is the only path that Guarantees a massive payout to shareholders in the short/medium term.
(This is important, I don't often say anything worth dwelling on but the above line might be worth a seconds thought).
These are the facts , well the signs, and the track record as I see it. Everyone should form their own views.
Whatever you do don't just rely on reading Hot Copper posts when forming you views. Everyone is biased towards what they "want" to happen even the best posters (regardless of who you consider them to be).
A good starting point is reading every word on every website company in which Tim is majority owner.
Liontown being the most relevant but also check out the websites of Chalice Gold and Devex Resources. Tim also has a role at Strike energy from memory.
To know the man better is is to have a better understanding, a more impartial understanding of what he may have in mind for the future of the company.
I do know he is very ambitious and will only have one aim, the aim of maximizing shareholder value in his mind.
Its the timeframe and path he chooses that we have to ponder. He is virtually the only one privey to all the options on offer....
I hope this inspires a bit of fresh thought or conversation on the topic.
(20min delay)