RE:September presentationPresenting a business plan is one thing, executing on it entirely another. If Q3/21 shows evidence of improved cash flows and good execution, it is reasonable to assume less stock sellers and more buyers at higher prices. The dilution from Briko is negligible and will soon be overcome by positive sentiment.
The upside is <50m shares, no hedges, 1.8xd/cf and .61 cfxs The downside is the relatively small production footprint and lack of market liquidity. JOY will prosper from the 'rising tide floats all boats' sector mandate more than any specific actions on its part but its leverage potential is very encouraging. As a former Briko shareholder, I believe I'll go along for the ride.