An interesting read there ahjay. It all sounds so familiar.
However, my mate Mertle is correct, you can still spring-board into a decent market cap in the most difficult of places. But you do need security in tenure, and in this case BDI have entered into due diligence period for 1/2 of FA, most of which is applications. Felder in his article outlines that the administration of applications has been, and remains at the time of publication; a mess. If there was security of tenure already, as a news chaser I would have bought last week on those sampling numbers, and perhaps others would have, and you would have got your re-rate.
As the article states, the Canadians have gone in there in force, with little joy thus far. On the ASX, I recall that Bresser of Overland had a go and pulled out citing technical reasons. Also resident contributor @Crimsoncarp was poking around over there recently, so might have something constructive to add.
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An interesting read there ahjay. It all sounds so familiar....
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