RE:RE:RE:RE:RE:RE:RE:RE:Ian Rozier Steps Down
Golden - I agree with you 100%. My gut says the writing was on the wall for Rozier, he will still cash in when a deal is finally done & is likely moving on to something new or else he would have continued sitting on his hands & collecting a fat paycheck, but seems like major shareholders will force a cash payout & not him buying another mine. I know that's what I want (the cash). Everything is still being "steered" in the right direction for something good to eventually happen for shareholders - Poison pill gone, Rozier gone, Major's still holding with a member on the board & "hinting" at a cash payout post deal ect. Of course the Hebei deal can still "officially" fall thru, but eventually these assets will be sold - the only question is when & for how much. Sure dynamics have changed in China ect, but this deal still looks +/- the same in PGM/Rand terms as it did back in Nov 2014. Companies like Sibanye are actually doing better lately due to most of their costs being paid locally in Rand ect. - As stated, we are unfortunately at the mercy of the South African DMR to finally make a decision on this deal & then we can see how this will truly play out. I would think it should be soon, but who knows - their end seems to really drag out. GLTA Longs! I hope that our patience is rewarded! Hypothetically - even a new deal at +/- $175 mil US - less the usual + cash on hand X US exchange = +/- $3/CDN :)