Fantastic deal - we go to producer with potential for 200k producer within say 2 years, lised on the JSE and cash positive. Gotta be a pop on re-listing I would say. I'm gonna be topping up ASAP as this deal shows the management can execute and I would like to be part of this growth story.
Share consolidation of 10-20:1 should be expected and should change the company from penny punt to a more AVM type play. Fund managers will be interested now that we are a producer and higher mkt cap and I would expect some accumulation upon re-listing.
Shame about the wait but all good things come to those that wait. For me, I will be accumulating this as a core holding if the deal goes ahead smoothly.
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