Surely your not suggesting that PIO are the one and only...

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readyaimfire

3,328 Posts.

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18/03/19

13:15

Post #: 37797289
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Originally posted by lockitt ↑

Quiono.

"we can all stop grumbling in a year or so."

We were not all grumbling. lol

David is very risk adverse.
There was much carry on about the extra cesium that was not forecast in the pit which many called as incompetence, when, in fact, it was very good and prudent management which saved a lot of money.

I think that David would have known about Cabots selling their formate business as it is an extremely small and close-knit field of endeavour and would be very difficult to keep secret. I am sure Manfromwello would have been all over it also.

I don't think that any buyer of the business would ever go ahead without speaking to what is basically the one and only supplier of the very thing that makes the business viable - cesium. I know there are other suppliers but ask yourself who they are and how reliable are they to supply on a constant basis?

Much is made of the company chasing the " in metals of the time " but all these tenements - except Mavis - were held by PIO long before these things became the "hot thing". The reason we took up Mavis was because of our cross directorship with the owner company. I doubt that decision would have been taken lightly and I still think it will bear fruit.

GLTAH

Lockitt

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Surely your not suggesting that PIO are the one and only reliable long term supplier of Cesium.

PIO would have been a balance sheet item on Cabots books when the bean counters did the sale deal nothing more.

Last edited by readyaimfire: 18/03/19

PIO Price at posting: 1.5¢ Sentiment: None Disclosure: Held
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Surely your not suggesting that PIO are the one and only...

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