These blokes are never going to actually mine it. I mean who in their right mind would give them the money to have crack at it? Do you think the long suffering major shareholders who have been in for years (MQB, Dundee, Hightime etc) from 60c and less really want to wait for another 7 years while well paid management inspects the blue fluff around their navels?
Everyone is just waiting for the stars to align, EQI/LGL to come in with a low ball offer at >double current share price to put us out of our misery while adding very cheap ounces.
I think I offered to run naked through HC if it didn't happen within 6 months, and although that was before LGL/EQI tie-up I will stand by that call. This is a market for value propositions with takeover potential for value realisation.
Maybe Violent Femmes to push yourself over the edge.
ADU Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held