FAR 0.00% 49.5¢ far limited

Hi jrv Chairman says consolidation is "inevitable" but cautioned...

  1. 2,979 Posts.
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    Hi jrv

    Chairman says consolidation is "inevitable" but cautioned against its pitfalls. He said it would require operational success (an important one ticked off yesterday), the support of shareholders (which he doubted was there then - May - and almost certainly isn't today) and, of course, exquisite timing.

    What might fertile ground look like? For mine ...

    > Success at SNE3
    > A subsequent large increase in resource
    > A third discovery, at Bellatrix
    > A good return from SNE4, under Bellatrix
    > Subdued shorting activity
    > An improved OP and sentiment
    > A FAR SP that was substantially higher than eight cents!

    That's an awful lot of ducks to line up ... or maybe cats to herd.

    OOO
 
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