RE:RE:The case for the SP to remain flat Golden Bull,
Thanks for your comments on my post.
My view is that the fact base of the Ishkoday property won't ever change.
With the passage of time and with enough geological evidence in falling into place there will be a sale at some point.
As retail investors or even friends and family none of us know the most critical traditional part of the properties fact base - no MRE yet - but I do choose to believe that the LME data room is rich enough to draw professional investors attention.
Clearly the current leadership team have not been concerned with grabbing retail investors attention in the usual post MRE release sense, but I think that the professional geologist teams that have seen the data room have enough facts in hand by now to draw conservative conclusions about the properties GEO number. Of course we have no way of knowing if their opinions are sufficient enough at this stage to move the money people to take action and make an offer.
As you said at the end of your note "time is running out" and to be clear I think time is running out on the leadership team and their strategy, not on the property.
I think that a shift toward adopting a traditonal strategy i.e. take action to tick off the strike list I mentioned earlier would not be seen as dramatic. It would be seen as conservative, bullish and would result in a slow and steady boost in the share price over time.
I have cheered for Cynthia for a long time now and sincerely hope that she can pull off a sale in the way that she inspired to.
Failing to do that before the next regular AGM will in my view undoubtedlly put pressure on her from some shareholders who will advocate for her to make a strategic change and adopt a more mainstream approach to maximizing shareholder value.
In either of these scenarios the value of our shares wil go up.
But, as you wrote if she keeps doing what she has always done she will keep getting what she has always got and with the passage of time, she'll run simply run out of money.
Enjoy your summer.
Time and Money