Chris Heminway, Exec-Chair at Time To ACT, explains why now is the right time for the Group to IPO. Watch the video here.
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Thanks that's much clearer, so a static price here for at least 8 weeks and maybe end of year.
I think that results in leave a token amount here and move the rest. Shame about that.
Good luck all.
Thanks
As you say Au may base itself at this price but I think will continue to increase
My opinion on price taken from a few prognosticators such as
https://www.tfmetalsreport.com/blog/10291/silverdoctors
with FED policy setting negative real rates will be primary driver for price.
Also Ag price is really spectacular. This is where many years of price manipulation is ending, anyone looking at eg 5year Ag price can see results.
I have some exposure to both through Silver Wheaton , WPM on TSX royalty co's are doing very well.
I expected though,best growth to come from from smaller producers like HGM which has been a favourite of mine.
good luck all
Aventinus,
The RNS talks about the take-over happening in 2020 Q4.
That is Oct 1st to Dec 31st, so that is a minimum of 8 weeks.
The real question is how long will it take before we know whats happening?
As you say cannot lose on the price but could I be getting gains from another share when AU has gone through 2K?
Anyone been here before? Does this process normally resolve or clarify quickly or will this just flatline for weeks /months?
thanks
For sure, it’s a gamble. But it’s an interesting each-way bet underpinned by an offer at 300p per share. If the bid goes ahead, shareholders are looking at being taken out at 300p. However, they are yet to know what the acquirers intend to do with the business and there is also the possibility of an increase in the offer.
Should the Russian authorities block the bid, then the stock price is underpinned by the sharp rise in Gold prices from the point at which the bid was made (US$1958 per oz). If the deal falls through, I think it’s unlikely that the stock will fall in value. So, in my view, there seems little point in selling at a discount to the bid price.
Appreciate this offer is not quite being considered objectively.
Even the man on the street when offered 300p for giving them (currently c. 292p) for a week or two would probably see owning a slice of a gold mine on the lower end of the AISC scale (pre +2k gold! ) worth more than 8p. HGM aint a prospector and their form, this bid is a hard sell at the premium 'offered' looks a a bit bent to me.
Current plan for me is to ride out, appreciate its an opportunity cost on bailing elsewhere less questionable board decisions, but the current HGM even at 300 has a capped valuation, and if falls thru (unlikely) would anticipate a significant raise on the gold. Price, I've avg in for 200 so not much downside plus the hope of getting a gold mine not 8p at the end.... Have I missed something?