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Investment comes in many forms but it is investment so I maintain why would this be oversubscribed?
As for Bristow, if I were to buy a car, a house, a business - of course I’d say no interest, bad time as prices are soooo low, things in trouble.... of course it’s a rough time for a while, but this is how these guys get the beat- be odd if they commented any other way- then when they buy at cheap price, they don’t alter what they said, they just big up the future and use long term etc. No one buys company’s on a whim, I’ve been involved in 2 sales in large business, a while in the planning, and successful business so bought for growth and future prospects (hence permits are key) - I maintain we are a target despite what Bristow says, and in fact, because of it.
Steve. I am not just a bear I report what I see and made very clear earlier today that I have no idea which way gold will go and I can’t see anyone can just now, which is just what worries investors. It would seem from the article that Hersov is interested in providing capital a bit like a royalty company while Barrick etc think now is not a time to buy mines with the gold outlook so uncertain when they should be able to get them a lot cheaper, like us with gold shares if we are lucky enough to hold any cash.. We need both sides on this board, I was very (over) bullish in spring and summer and have become increasingly bearish through autumn and winter - I just wish I had been more so and sold more like Tiger. Over the past 6 months the naysayers have been sadly right so important to listen also to them rather than just decry them. I notice even Gary Wagner, normally bullish, is now saying we have entered an Elliot down wave from the long rise since the start of the century, there was an ominous death cross, for me it is more important than ever to get as many views as possible on this board. Once everyone is bearish will be when gold turns, but I guess at a point rather lower than we are now
Read the post Sotolo- of course he will play down acquisitions when others are in the hunt!
Read the article:
And for once please add in the positives, I’m at a loss when you always just post the negatives of every situation- I try to be balanced.
https://www.miningmx.com/trending/45433-sa-family-plots-return-to-mining-after-raising-360m-for-african-gold-mine-deals/
I hope Barricks SP gets a whack.
And Sotolo, answer me this - why did they exceed
expectations on raising capital, if it’s all dooms d gloom?
Gosh so even Bristow thinks gold will go down, before up, over at Hochschild both the Chairman and CEO have sold around a third of their shares, at about a third down form their top..
Good posts Steve....
I guess cey also don't want to shout about assets to much to encourage... any suitors
Many lth would be peeved Including me after 12 plus years... Still waiting for the good times.
We simply have to get this damn permit negotiation
done - I’m the fixing of Sukari as per plan (I think it’s conservative as well), expansion capability is the the game changer for us here and makes are very attractive especially at this price- bids always gain a premium when not a fire sale- and you don’t get a fire sale with 300m in the bank, a massive amount on this valuation not to mention the assets on top.
Lol-
That probably means they are looking now :-). So really, he waits for a steady or better gold price, and then expects valuations to drop as the gold price steadies or goes up- what has he been drinking ?
If ever there was a good time to bid here, it’s now.
Perhaps we can strike Barrick off the list of acquirers... for now.
February 18, 2021
BARRICK Gold CEO, Mark Bristow, said the company would not yet commit to a long-term dividend policy and would most probably refrain from short-term merger and acquisition activity until there was “… better visibility on the gold price”.
“We haven’t got full visibility of the runway in front of us,” he said in an interview, adding that the gold price had “upside” but would probably correct before “finding its new level”. Bristow said,
“I’m not sure if this is the right time for M&A. There is a lot of opportunity but there’s also a lot of latent stress in the gold industry as valuations are high. We have really trimmed down the portfolio in a disciplined way, but now is the time to be prudent”.
https://www.miningmx.com/news/gold/45305-barrick-ceo-waiting-on-gold-price-visibility-before-committing-to-dividend-policy-uplift-ma/
My concern is not the short term further weakness of the SP but having a t/o offer based on this low level at this time.
In parts will be pleased with potential progress late 2021/2022 and hopefully improving ounces going forward to 2023.
The question would EMRA be a obsticle to any take over....?? Or would the brown envelopes /unlimited expansion budget by Barrick seal the deal
Bests to all