i see. well the news is cgh has 5.6m oz gold which they are virtually or fully funded to get to producer stage probably summer next year. mkt cap c£60m. cash c£35m.
initial work will be low cost extraction from open pit.
govt has derisked the royalties/permitting process tho i understand there is still a final sign off required by parliament in relation to the make up of national mining policy. cgh have their mining permit now sorted.
in short its a steal at these levels. mkt cap implies a valuation of only £25m for all future operating cashflows... no brainer. i think this will be trading at around 100p by next summer
Another big buy through, stake building appears to be taking place and it looks like this is being held in the current range... It was brought right back down after the strong open today... Maybe a holdings RNS due as well? ATB
135k buy just through, i added a small amount here as been watching it for a while and also noticed a few big buys earlier in the week... Could be ready to move. Hoping to add to my holding tommorrow. ATB
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