GTE 5.88% 3.6¢ great western exploration limited.

does any one have any idea, page-42

  1. 2,640 Posts.
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    You are a sensible bloke Nowhereman and I have respect for your posts over several years (since they are consistently non-ramping posts unlike some I read here) but there is almost no chance in the world this is a Tier 1 project.

    There is nothing inherently wrong acquiring something considered advanced exploration but re-establishing its credentials and progressing it to mining stage is always more costly & more complex than most here seem to realise.

    The market is telling you the deal has a long way to go to be accretive. Shareholders will be tapped on the shoulder several times between now and any serious cashflows, by then those with stars in their eyes will be off the register or grumbling about how things are going.
 
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