Very interesting NSU commentary in latest Katusaresearch.com In the last year, no newsletter writer, money manager or the like has remotely been as bullish and outspoken on NSU as Katusa Research. Just a few days ago, it was posted here an interview of the gentleman and his copper and NSU views (both quite bullish).
His latest paid commentary is of most interest to any serious NSU shareholder.
I'm not going to copy it here or send to anyone who PM's me but I am going to note the gist of it as I think he's much food for thought for NSU shareholders.
In a previous issue of his not too long ago, he noted he and a "group" of his were going to meet with NSU and Peter the CEO, and offer a $50million PP.
In his latest issue, he states he has "zero chemistry or rapport with Peter Kulielski but believes he's "competent and very good at his job." He states he wishes Peter be on the road promoting the company more but overall is satisfied with the job Peter and his team is doing.
Now for the most interesting part. He goes on to note Peter disagreed with his advice to sell Bisha and use the cash to advance Timok because it's his belief NSU is going to be acquired by a larger company as NSU is just too cheap.
He goes on to note Peter disagrees and wants to build Timok in order t create significant cash flow. He notes Peter isn't wrong to want to do so but rarely does the plan to do so get properly executed and notes he's seen this enough times to know it to be the case.
What really perks my interest is he puts up a chart to show all of management's minuscule personal holdings, his own personal holdings equal more than the entire management team and management in his opinion, own too little to fight off a hostile takeover.
Because he has a history with the Lundin's, was rebuffed by Peter, and is openly writing about it, I personally now think there's a chance of a hostile bid in 12 months or less and quite frankly, would take it now and run. It's also why NSU management may purposely be slow playing drilling the new discovery until they can get fully option up.
Something to chew on.