You are correct, seems like I somehow misread the tally.
I can’t see why they would hurry to shed light on any skeletons. They will probably want to digest the situation themselves and likely develop a proposal for recapitalisation and a new strategy wrt BHP now and for beyond 2025. A messy divorce on the cards imho. I foresee quite a low second offer and/or low CR price.
And this is how it goes with a miner with seemingly quality resources, largely validated by very lucrative historical production.
Well I got out with a decent gain, but nothing like the LT rewards I was expecting, and probably nothing like good enough to justify the risks I took on.
I”ll have to start watching PAN even closer, need to see the risk/reward looking a bit better before I’d go beyond the toehold I have there. Not a lot of nickel alternatives.
EL
- Forums
- ASX - By Stock
- MCR
- Calls from Sydney
Calls from Sydney, page-24
-
-
- There are more pages in this discussion • 2 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add MCR (ASX) to my watchlist
Currently unlisted public company.
The Watchlist
I88
INFINI RESOURCES LIMITED
Charles Armstrong, CEO & Managing Director
Charles Armstrong
CEO & Managing Director
SPONSORED BY The Market Online