Re: Racquet364
in response to
by
posted on
Feb 23, 2008 11:33AM
The company whose shareholders were better than its management
"Watch this space" is merely a generic verson of "watch me"
I think if it was an off the cuff question that PA wasn't prepared for,
then it's equivalent to saying nothing
I doubt he is looking elsewhere
I agree this is THE find of the last decade
PA has said he would prefer to explore this property
He's spent so much time ironing out the politics, why leave now
I stick with my prediction of an FDN buyout and spinoff of balance of land and cash
I also stick with my prediction of a minimal royalty 3-5%
The majors cannot afford to let FDN be developed by ARU. And at $1000 an oz they have plenty of room to pay well to get it.
The balance of land will be explored by PA and the boys. When you work this hard at making the politics friendly, you might as well stick around and enjoy the fruits of your labours.
safeharbour