The last thing any shareholder other than traders and weak hands need is M&A/TO or even discussions or announcements regarding either of those scenario's at current prices and market sentiment. It is the oposite of good. Unless this company is absolutely f*cked, you don''t want that. IMHO.
The biggest problem (other than massive corporate compliance costs) with publicly listing is you invite the public into having an opinion on how the company should be run. Hopefully without being perceived as condescending as it sounds; The public work for a living. There is a reason for that. There is very little to be gained by listing from a management and company progression point of view other than having access to better (non bank loan) and less risky funds to more easily achieve the important goals you always set out to achieve, and hopefully, the success that was envisioned.
The downside is you create another completely new dimension or burden to management that is mostly white noise and an absolute distraction to the job of achieving these goals. That is why they generally become more top heavy and employ specialists in these areas. Jjust so you can keep building microsoft without the BS. Think about the webinars. Forget about the governance and First Nations stuff. Just think if you had to front a world wide webinar and discuss the intracacies of your job. Your goals, your objectives and the day to day issues you face whilst projecting positivity. Most importantly, think how much work it would take to impress people while you were doing it when every day is about digging holes. Do this every few months. A Mining Engineer.
As previously mentioned, regular announcements also played little part in the ultimate outcome of the SP given it has ridden sentiment to the bottom as has every ticker in the segment. It would have only ever benefited traders given the circumstances. IMHO it won't help us now very much at all, or at least will be far less motivating of the SP. But it all helps and you can't be seen to be standing still - which the stupid entertained when announcements were slow.
It is make or break time.
What do we do? Mining Engineer - "Well we have rig 4 moving to station 23, rig 1 has a new drill and should get through holes A49 and A64 two days faster than projected, we've finished the camp so the helicopter crew will be over at Cancet on Thursday testing that bit we saw last July to see if that is as promising as it looks and...
WTF are you talking about boy? Ummm...getting on with it.
It looks like a tough road ahead. There are way more than the usual special HC individuals hovering and laughing and acting exactly exactly like the people who bullied them during their adolescence.
Stay the road, get out and walk away, sell the news, the choice is our own. There is no right and wrong decision.
Other than coming back and pretending we are better than we are.
WR1 Price at posting:
59.5¢ Sentiment: Buy Disclosure: Held
(20min delay)