RE:New Day #9Not sold off.
I want Murchison spun out as a new public listing , free to shareholders , and with new management team.
Using ODY as a proxy, Murchison should be valued in the $80 million range, if it were trading as its own equity.
This new equity would unlock the value of Murchison for all shareholders, including Dato.
Dato knows the Australian mining landscape quite well and may even have a shell company there.
Apollo Group which launched ODY can arrange such a transaction and management services as well.
With Murchison NewCo would go the current $11 million budget and the ODY JV assets...which we could sell , if need be.
Such spin outs are often assiciated with a rights issue to raise addition funds for example, full operational status of the Burnakura mill, perhaps expanding it to 500,000 tpa.
Given the example of ODY, I fail to understand why any shareholder would prefer to permit this aged management team to manage any of our assets, let alone Murchison .