RE:Serious Question for the Board I have to view this through the lens of (what whould I do if I were Ricus)........
Consolidation does not change actual value as has been stated many times by many on this board.
It may change Perception for certain investors or entities.
If consolidation were to make financing easier I would want to at least be in position to take advantage of financing in case a deal were to present that was very advantagous fot TV's future, it's managment and share holders.
(in short I would consolidate to be open to the oossibility of an offer) and the possibility of improved SP perception...which may or may not provide other advantages.
All options should be open...
whether it be more dilution (which I do not want)...unless what we get for it benefits us more than what we pay.
As well another mine acquisition which may not be a value reducing propostion.(in the future).
I in no way believe TV is in a position to entertain this prospect right now..even if a deal were to arise.....
TV needs to focus all efforts towards RP2.0 and succesefully transition to a lower cost producer.
All evidence so far points to a reasonably conservitive game plan...hedging..santander sale, etc..
So I have to believe at this point RP2.0 is the main focus and management will not be gambling on risky side ventures.