Mix Me A Walk, MikePeople are asking where you are leading BHP and whether all this activity (and agitation)
RAISES
BHP's value over 60 days or 60 years.
2022 HAS BEEN A CLOWN SHOW
Produced and directed by your expanded M and A Department.
1) $100 million spent buying Filo shares at a market top.
This deposit, although very large and high grade, sits at an elevation of 12,000 feet (oxygen?) and 100 miles from NOWHERE. It straddles
2 country jurisdictions. The future VALUE of this $100 million @ 10% in 25 years is well over a
A BILLION DOLLARS!
BHP COULD BETTER INVEST THIS MONEY INTO SOLGOLD.
2) BHP's walkaways from Oz and Noront
HAS STOKED COMPETITORS.
You are Sadly, BADLY Mistaken thinking and saying that deposits like these are plentiful.
THEY ARE NOT !!!
What IS plentiful is the cash to finance them.
Here again, you are reciting from your company's M and A twisted songsheet.
3) Jansen expansion is seen by some as justifying an initial mistake - driving a shaft too big
for a sensibly-sized mine. BHP's big RISK is extrapolating
DEMAND FOR FERTILIZER FOREVER INTO THE FUTURE.
A lot like thermal coal forecasts of the 1970's.
AT A MINIMUM, MIKE, you really gotta get your stick on the ice.
Or put the other way, your M and A approach might be summarized
" Never mind the horse being blind. Just load the wagon !!! "
Takeaways For SolGold and also for Mike Henry.
SolGold, to be profitable for all stakeholders, needs BHP participation. BUT.................
NO SCATTERBRAINS ALLOWED.
We need to see COURAGE from you, Mike. As they say (do you play cards?)..............
"A faint heart never filled a flush."
We c..................
DYODD JMHO