GREY:NEVDQ - Post by User
Comment by
Notgnuon Apr 27, 2021 5:23pm
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Post# 33079173
RE:RE:When I look at a company like this
RE:RE:When I look at a company like this Totally agree... as with many, if not most eveything, in life it is all about thealignment of incentives. They have fallen into a pot of money after almost drowning in their own vomit. Now the question is how will they proceed and possibly how twill they monetize.
1) Move slowly and cautiously and built cash-flow and then go for a debt deal to build the open pit a while down the road.
2) Move faster and do a joint venture with a 'data-room' traveller
3) Move fast by doing a massive equity raise / dillution *** I just do not see the alignment on this one these days.
4) Sell the whole project *** also doesn't seem likely.
N.
goldanalyst wrote: They do have a lot of shares outstanding however only about 38% of it is retail and the rest of the shares belong to institutional investors and @ a much higher aggregrate cost. So they are not selling for peanuts here if their average cost is north of 50 cents is some cases~
I do wish management had more skin in the game however it is really Pala and Castlelake who own more than 50% the company and so what they do will be most important to all concerned~
Pala Investments 38.0%
Castlelake 15.9%
Fourth Sail 3.9%
BlackRock 1.8%
Regal Funds Management 1.7%
Management & Insiders 0.7%
Retail & Other 38.0%