RE:RE:RE:RE:RE:RE:RE:RE:Gogo wings - Two bucks 100% dont disagree with the positives on paper, but they lead to precisely 0 from a public share price perspective and reality. You would think the SP would be indicative of all of these great positives you mention. Im more concerned with the EMOTIONAL attachment Cynthia and management may have to the property which could derail negotiations. People tend to value things well above what is realistic if they are emotionally attached to them and I do not know what the regulations are for presenting offers to shareholders before deciding they arent good enough...we know that has happened at least one other time where they deemed an offer too low...what was it????
Im not arguing that the business itself sucks or that there are no positives...but there are also a lot of random and weird negatives that seem to pop up all over the place and given the timeline that came from Cynthia in 2018, it seems there at least needs to be some fire lit under management. ESPECIALLY if were still 1+ years away from a sale.... they arent drilling enough in that case....they are simply kickling the can down the road to survive another AGM. I also don't think she will be able to continually soak the PP investors for more money.
To be perfectly honest, id rather get the 4-5x tomorrow than wait another 3 years for a 10-15x
I also wouldn't assume Matlas is happy or content
I want everyone here to be profitable in this endeavour but when no positive news stokes public SP we are kind of in an ocean with no sail until we see land or crash on the rocks.