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Don’t tease me Rusty .. Think of the Gold prepay as a $180m hidden loan, which hopefully they should have repaid by now. What becomes quite apparent is how close this company was to bankruptcy. Pavel, Peter and co had driven this company into the ground through cronyism and bad decision making, but where very lucky because the price of gold saved them and the shareholders.
Now I personally believe UCG are better at managing and making decisions but unfortunately, I am unsure about their ultimate intentions.
The Temi conspiracy was because Pavel wanted to bung his friend some shares cheaply to capitalise on the gold price rise.
The price speculation was based purely on Gold being at £3000, but maybe bad management could F that up.
updownflat, sorry to deflate your dreams, but, at this moment this is NOT a 7 billion pound business. When it is making regular profit, and the cash is going up, the debt going down and its paying dividends that might be the case.
But lets get things into perspective, we haven't purchased TEMI for 53m, we were talking about giving them a boatload of shares, and you, and anyone else have not been able to answer the question relating to forward pricing of gold on the results.
Now, I am not saying that this company is a bad risk, because as long as we are all pulling in the right direction there is plenty of room for share price improvement. But 7 billion plus. A long long way from that. ALL IMHO.
so let's say fair price for POG would be 240 assuming gold climbs to $3000... if pessimistic scenario goes for price be 2500, should lower estimate be than sth in area of 100-150p ?? that is excluding BOD shareholders games of course
I will take a stab, gold @$3000, based on 2021 volume mix, and a forward PE of 12 a fair price would be £2.40 ish
gold forecast for futures 3000/oz that is and I mean it, GOOD:) for pog at least not for global economy, so it means In gold we trust.. so POG ebidta would be 1BN?? correct me if I'm wrong, could someone tell me fair share price with that forecast?