Guys, good lord, 3-wheeler is right….put your big boy pants back on and relax. The tweet was an update….and it clearly shows D Chong is a straight shooting, transparent deal maker. He’s not a pumper or he would not have put out any communication at all, since a delay was the main message. It’s a minority s/h who is likely just making sure he understands how/why his cheese is being moved.
Additionally, these are the two new directors added at the 2021 s/h meeting and they are both well known, highly respected, AND CONNECTED, entrepreneurs:
William J Loughmiller, Director (new) John (Ted) E. Simplot, Director (new)
Additionally, I heard from someone who attended the meeting that said there was a LOT of banter about private US based, revenue positive, low debt companies being tossed around as URHG partnering acquisition possibilities. I think the Singapore opportunity came along more quickly than they thought and had multiple asset opportunities. which is likely why they went down that path first.
Bottom like here is this holding company did not divest itself of a gold mine lease hold and a few other assets to remain an empty holding company with low debt & an ideal share structure. 3-wheeler connected the dots on which way this was headed in 2019, well before Covid slowed all commerce down to a crawl. Fortunately, company mgt took the Covid year to finish cleaning things up, getting rid of more debt, to set the stage for where we are today, which is at the yellow brick road with MANY ACQUISITION opportunities. I highly doubt STS out of Singapore is URHG’s only opportunity!
Those with dry powder, to add here, with staying power will be the BIG WINNERS!