What do I think? Well I have thought all along that the company is up for sale and all the actions to date are to facilitate this sale. For example, cutting costs, re-balancing the exploration program, addressing the balance sheet problems, appointing a Chair known for her ability to sell a company etc.
The objective from here is to get the share price to reflect the value in the company so a reasonable sale price can be achieved. At a guess I would say about $1.20 would be an acceptable price for a bidder to offer.
The catalyst that could change things is the Yeti drilling.
We shall see ???
What do I think? Well I have thought all along that the company...
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