I’m on the fence about whether FIRB is deliberately dragging this out or if it’s more about Miracle’s ownership structure. Recent improvements in Aus-China trade (like the return of lobster exports) suggest politics might not be the only factor. At the same time, the deal’s already taken well over a year, so a straightforward approval feels less likely without more transparency from Miracle or CZR.A third-party bid is still possible - especially if Robe Mesa is undervalued at these levels - but I’d like to see a bit more leadership from CZR. A clear update on their plan B (in case FIRB never gives the green light) would go a long way toward regaining investor confidence. I’m still holding because the resource has intrinsic value, but management owes us some honest communication soon.
CZR Price at posting:
15.5¢ Sentiment: Hold Disclosure: Held
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