I always have a problem with people taking a 'market' view. The fact is that the market is determined by a wide range of disparate people who probably do not share a common view.
I also have a problem with the view that the current price of a share contains all information and is rational in the short term. The SP is determined in the short term by irrational investors and in the long term by the facts.
IMV the MJS deal wasn't a distraction but a hugely beneficial deal. On a 3 year view it will be beneficial in terms of cash flow, dilution and assets.
Of course the GGG SP is determined by traders, who are looking at each other, rather than at a 3 year perspective.
As for Nimu I think very little is taken into the price at present. GGG agreed terms for its exploration and development in May. is there any cast iron reason for thinking it is worth more than they agreed ?
Of course there are suggestions, hopes etc, but the mining world is full of those. When those are transposed into solid mining discoveries then Nimu will start to come into the price.
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