Lets Get Real

AUZ have 2.8 bill shares f/d by my last reckoning and spot market (mis)values them at abt AUD 380 mill bucks

PGM have 265 mill shares ie abt ONE TENTH AUZ's SHARE CAP spot market (gross under)valuation is AUD 45 mill

Now its great to know that the market is so hot as to place such a high valuation for AUZ, and even greater to know it can value CLQ at about 900 mill given what they have

BUT for Zeus's sakes, WHY OH WHY is PGM STILL CAPPED AT ONE TENTH the value you would think appropriate for current status cf to the other two ......... even discounting Skaergaard to zilch for now ....... THATs WHY IT NEEDS TO BE SEPARATED NOW NOW NOW.

A scrip takeover by either of our two NSW neighbours even at 5 times our current sp would be an OLYMPIAN move if they are smart and would probably wrest control from our current Grey Army who continue to remain content at this dangerous inequity making us soooooooo vulnerable to piracy on the cheap.

Lets see, AUZ could bid 5 for 1 and assimilate control of our SERIOUS GLOBAL ASSETS cf to their cow paddocks for one third expansion in their share cap. Then they could seriously talk about billion buck valuations. With Skaergaard included they themselves would become a SERIOUS takeover target for Friedland higher prices.

Or CLQ could bid 1 for 3 say and scoop up control ...... Friedland would know exactly what to do with Skaergaard. CLQ moving on PGM is the more realistic move cos it has the lot cf to what AUZ mix would offer them

If our sp / market cap doesnt QUICKLY move to the next PP beyond the recent high at circa 62 for a still paltry 170 mill market cap, then we remain in a position of slow stealth piracy as is happening on the quiet now before market realises exactly what we are about.

You can see why PGM is worth at least a buck now and likely 3 + later in the right hands I am sure. But it would only take an off market transfer of a major shareholder's stash and we could be lost in the void.

Get the Ice Queen out of the path of danger and secure her in a private vehicle in-specie distributed pro rata to shareholders and prepare her for listing on a real exchange which knows how to respect her. You could still noffer Owendale to the above at same rates anyway if you want out of the Ozzie stuff. Our serious future lies in Skaergaard and the adjacent ground we hold cos when all the fashionable stuff is forgotten, our 10 million ozs real money GOLD will keep us in clover.

A Board's only priority is to its shareholders.

The current state of affairs is totally ridiculous.

OWEP