Very interested as to why the Lady Ida transaction has recieved so much negative attention on here. From my perspective as a recent holder looks like quite a promising project with ongoing exploration potential as well as UG potential.
The current pit shell from my perspective produces economic margins until the 110 m RL with very minimal pre stripping allowing for high grade feed (relative to current head grades at the BCN CIL mill).
From my research the resource drilling idicates it is open at depth, and imo the lodes appear appear to be highly amenable to UG extraction once the pit progresses through the regolith into competent ground.
Not a fan of Grahams dividend strategy considering the growth potential of this company, particularly when we would be in a much better position for the MRP strip and i am completely lost as to why a consolidation hasnt been done yet.
Keen to hear any opinions regarding the transaction and the overall state of the company, obviously the earn in agreement isnt the best but lady Ida is a highly prospective location and a good cash boost at worst.
GLTAH.
(20min delay)