The holding by GCR of 15m TGX Shares makes no sense given Cookie's recent back to basics statement which informed us full vigour is to be applied to Copper Hill.
GCR's current Market Cap is circa 20.5 million of which 7.9m (39%) is in cash and circa 1.5m in TGX shares (7.3%).
Can GCR please sell these or give then to shareholders.
As an investor I want GCR to apply much needed Management focus on Copper Hill (market values at less than 11m - GCR market cap less cash less TGX and all other assets assumed to be zero) not TGX's share price. Further, if I wanted TGX shares I would buy them directly.
A 1 for 90 TGX distribution works for me.
The holding by GCR of 15m TGX Shares makes no sense given...
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