Firering Strategic Minerals: From explorer to producer. Watch the video here.
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Moneyweek barely hit the shelves until friday and most will read over weekend so we should see a good rise on Tuesday, if we do not get an announcement of the sale. Need to bear in mind the 45-65p range was really when gold was $1800-$2000 an ounce and in worse times. Since then most miners have doubled in value, generating considerably more net cashflow that could be used for making purchases and lenders are far more willing to lend to miners again. While i think the deal is done and we are now in the final stages if it was paper then the value could be more. Whatever the price it will be grossly undervalued but for those investing today under 40p will still be a nice return for probably a very short time period. gla
No one has a clue on price, imo the Chinese will pay top dollar to the governor 72+
Hoping we have an outcome before the next round of estimates is needed 😂
DDD, are you on holiday mode again? Market closed tomorrow as it's a bank holiday. I agree that the SP likely rose due to the article rather than anything else.
I should say that I would expect paper to be the larger proportion of any offer around the 55p mark. In other words, the more cash the lower the price outcome. Perhaps 45p is a more realistic outcome if it's all cash. If we get some sort of part up front / part delayed performance based element, that might act in the same way as paper i.e. up the valuation outcome.
I'm as confident as I can be that the outcome will not be less than 40p, and (now) not at all confident that it will be above 55p. I'm also thinking that JM is waiting for PoG to resume it's run so that he can negotiate a bit more out of the deal. If that is the case then an RNS may be as far away as it was months ago.
It seems reasonable to assume that the buying on Friday afternoon might have been prompted by the Moneyweek article. There may be a bit more on Monday as the people who didn't get the chance to read it on Friday take a punt. We'll see.
Sorry ddd, not being bah humbug but it is all irrelevant, the only thing being appropriate for me is having a RNS explaining what the f**k is going on.
Recommend as appropriate.
We know that Dominic Frisby has a 45p target.
Recommend as appropriate.
Recommend as appropriate.
Recommend as appropriate.
I'd like to think we can reach this band, down from my 60 -65p expectation of early 2023.
Recommend as appropriate.
Recommend as appropriate.
I'm curious to see whether expectations have changed since we last did this, especially given that the SP is now edging towards the lower end of expectations.
You know what to do - recommend against the band.
Https://youtu.be/gbJkDNE5idY?si=XB0fGBxCfZ0mVto7
Another good video to watch about the mining space and M&A. Interest building in the mining space. We surely can't be far away. Hold onto those golden tickets.
Looks like the major gold miners (Glencore etc) are getting ready for some M & A bidding wars.
Might inject some much needed life into the sector.
Dominic Frisby has been banging the gold drum for a long time. My take is that the price of gold will probably consolidate around 2200 but the miners will start to close the value gap; and silver will catch up this year.
Looks like 40p is now in sight. I remember the days of 40-50p some years ago. Whether the burst of afternoon trading is Calibre shareholders buying in advance or simply an article pointing out the obvious that we are massively undervalued on any measure i dont know. What i do know is the buyer will reap billions of profits over the life of the mine given the crazy AISC. Why Jim and MC after 12 years hard graft gives up at the last hurdle maybe we will never know but i suspect they are regretting that decision as gold continues to climb ever upwards.
It’s time for investors to mine for profits in gold - Mining stocks have missed out on the long-term bull market in the yellow metal. A long-overdue upswing may now be starting, says Dominic Frisby. Here are his top picks in the sector
https://www.linkedin.com/feed/update/urn:li:activity:7192236979432886272
Being hedged both ways means no position ...:-)
Relax this won’t fly without its wings (RNS)
Hesitated for a few days but now some real volume going through, maybe 36p+ close?
What cavalry are you referring to rangerwillow? I’ve heard YWWTBOOTOTW, more times than I’ve had hot dinners!
Looks like a few agree Simms. Here comes the cavalry....
Broom so perhaps just selling a some is a good compromise. Hedged both ways unless one is deep under water.
Personally would not want to be out over a bank holiday weekend. Hoping for news tuesday maybe? Lets see if Calibre or the Chinese strike it rich and win the prize.