Temple7, they might still be still cleaning up the house and waiting for Investmet (MF) to nominate a replacement for BB
MF has nearly 16% of the issued shares with his various holdings. That cannot be denied. He therefore has a right to be represented on the Board imo. But who?He can't just sit back and do nothing about finding a replacement. He has to be reasonable so far as time is concerned.
They all have to have a proper pow-wow - ie the 2 new Ds, Rob Martin, MF, Talkie Newton, Gary Castledine, Andrew Frazer, JPMorganUK, David Bailey and Karl Simich (SFR) and work something that all are content with. Not everyone may be 'over the moon' about the consensus, but there is always compromise in disputes like this.
It's clear that Sandfire wants a decent part of the action.
It's also clear that AUR will continue to dissipate valuable funds by both holding and exploring its many tenements. I never liked the deal reached by the old Board, and I have said a couple of times here that I didn't like the (former) renegades deal either, but I have now changed my thinking on that. It lets SFR assume the spending role on the tenements in question. It also introduces SFR's knowledge and experience.
I can see the AUR/SFR synergy building over time too. Will MF's Horseshoe Metals become a member of that business relationship? Common sense says that it should. There is certainly plenty of unmined copper there at HL. @bmloho. What do you think of this idea?
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Temple7, they might still be still cleaning up the house and...
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