Fair points. Coincidence, Bacchus shareholding just put out as Peter Cahill’s directors interest.
I have a feeling that Bacchus may have been busy in the background hence the term ‘looking at options’ in recent announcements and I’m looking for quick turnaround when we get our letter on EXIM. Why? Basically because they are looking to hit site in June next year and that is quite a bit of design to be approved prior to construct just for groundworks in prep for the processing plant.
We’ll see. Fwiw, I’m looking for about 30c a share. Which would be a tidy sum for my two blocks of shares. So between the two extremes of views.
Imv definitely a time to buy in based on recent form. It’s been a
long wait.
IBG SP / VALUATION THOUGHTS, page-249
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