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If the NZ deal doesn't go thru, this company is dead. It's a...

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Glenmare

43 Posts.

2

07/03/19

14:02

Post #: 37685925
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Originally posted by Dr Davros: ↑

There seems to be a lot of speculation ( gossip) about BDI atm.
From where I sit, Condamine need to be part of a listed company that has some cash and could raise more if and when they can show the market they're on a winner. Bdi is shell with a very experienced geologist looking for a match such as this. Experience caution and patience should not be confused with old lazy and stupid, as some here seem to be implying.
Also some haggling between the parties, (if true) is to be expected.
These guys put this together give them air to finish it imo.
Madagascar is a done deal and even BHP would have to wait for good weather conditions to get good readings and not get anyone killed in the process.
Yes everyone is feeling impatient especially since the cobalt deal fell over but in my opinion that was the right call under the circumstance.
The number one thing I want from management... don't do anything stupid and survive.
Number two a viable gold business in NZ.
And three copper and who knows what else in Madagascar.
If this takes time, so be it.

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If the NZ deal doesn't go thru, this company is dead. It's a good punt right now tho.

BDI Price at posting: 0.1¢ Sentiment: Buy Disclosure: Held
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