PresentationJust wanted to throw out a few more comments regarding the recently update presentation....
I can't help but notice the extremely simple and straightforward layout of this one. More so than any others I've really seen. They've laid out in brief bullet point, easy to read form, exactly why every major out there should take notice.
To me this is much more than an updated presentation. First, if there have been talks with Mubadala dragging on, which I believe there has, this sends a clear message that it's $hit or get off the pot time. We've be dripping along with financings waiting for you guys to make your move and cash is running low again. We've grown tired of you sitting on your hands, playing hard ball or whatever it may be that's holding things up and do not want to continue with the drip financing campaign. So here it is, in plain language exactly why you should move and move now.
We're further along then your other assets, much more connected and well liked in the community, more organized and have a clear plan for the future ready to go. On top of that, you NEED our land and we don't need yours. Recognizing that there will only be one project on this mountain, we have the upper hand here no matter how deep your pockets are.
Don't believe us, check out our shiny new presentation (or marketing campaign if you will) And wouldn't you know it, our timing couldn't be better with PDAC just around the corner. We'll be boasting this baby to every major that will listen in just a few short weeks.
Note the comment in the presentation "consolidation has begun..." as if to say without saying it's not yet complete and one way or another it will be entirely consolidated eventually. Many of us on the board have said that numerous times. There will be only one project on the mountain but on whose terms?
You see Mubadala, we have options that you unfortunately (or fortunately for us) do not.
1. We can sit around waiting until you're ready to make your move (NOT);
2. We can go it alone if we really want to as we have the plan, the connections and the viable land to host the project. I don't believe our true intention is to do so, but the option is there if we so desire;
3. We can kick off an aggressive add campaign looking for a more serious buyer or partner (oops, did we just do that?).
Then what does Mubadala do....a project already started on the mountain by us or another major does not bode well for Mubadala at all. It will completely diminish any negotiating power they have. They'll be forced into one of the following scenarios: sitting on a stagnant asset wasting away, sell it for cheap or throw a much larger pile of cash at the mountain to take control than they would if they moved right now.
Naysayers will attack this post with questions like ummm where's the money going to come from for option 2? Not a concern, there are deep pockets already backing this. There has been little to no advertising of the company what so ever so as to keep negotiations civil to this point. Once we raise our flags we will easily find the money to advance on our own or partner up.
Or perhaps they might say duhhh, if there were any majors interested in us the market price would be much higher because they would be buying. I think not my friends. With 48% owned by only 3 major shareholders, how much public float do you think there is left over when you take into account other major shareholders that are holding up to 9% without having to disclose it to anyone and are holding their hand just as tightly as the other 3 majors. It only takes 5 of them to take over 90% of the float right off the table and, believe me, they are out there friends.
Any deal that is done here will be done behind the scenes with a handful of major shareholders; and preferably with the market price as low as possible. It puts both sides in more friendly territory. The big boys don't have to sell for any price they don't want to so they can hold out as long as they so desire until an amicable deal is worked out. A low share price brings more players to the private table for honest and frank discussions. Has anyone looked at the depth of available shares lately? A simple $50,000 CAD investment sends this puppy to the moon. That's not what anyone but we very minor shareholders want at this point.
So here we are, our flag has been crafted and in 4 short weeks, we'll be flying it sky high saying; here we are, please take a seat at the table and take your best shot if you will. The more players the better for us and we've waited long enough.
Time to kick the ad campaign up a notch.
Your move Mubadala....
BH