RE:Big pictureCan't say I'm pleased with this but also can't say it's unexpected.
Three comments:
1. Callow better not reward himself with any more big fat bonuses as in my opinion he doesn't deserve it given he's done absolutely squat to increase shareholder value. I will say he has likely brought the quality of the DFS up to a standard that will make Kobada bankable and that's a step forward but from a resource perpsective things have not really progressed past where we were with the original PEA which I think goes back to 2014 or maybe even earlier. I want to see at least a $2MM laser focussed RC drill program that's primarily used to further drill out the main zone and increase the reserve and resource. Leave the satellite zones alone unless they think they can hit a motherlode and get a blue sky bounce. This drill program needs to increase the reserve and NPV by 30 - 40% to make this capital raise worthwhile IMO.
2. Happy to see the last vesitiges of F&M off the board. At least Bregeman was an industry guy but it was hard to see what someone like Pettigrew brought to the table other then his political credentials which were from a bygone era regardless.
3. AGG management now has sufficient capital runway to get a transaction done that puts Kobada into production. If it creates shareholder value only then does Callow deserve a bonus.
Enough fukking around Callow. Start earning that last bonus you gave yourself and get something done to start creating some value for us long suffering shareholders.
GLTA