RE: Offer for the company or holdings RNS11 Apr 2024 12:03
Adamk87 Premium Member
Posted in: GCM
Posts: 3,904
Price: 8.50
No Opinion
RE: Adam18 Mar 2024 22:15
Iāll answer for you Duster, previously we were at Ā£8 per share with a target price of Ā£21 thats a Ā£800 million mcap for approval when the coal price was lower, no partners, none of the studies completed the past 15 years, a path to commercialisation that wouldāve taken considerably longer with many obstacles, so yeah a billion is definitely within reach and for your metrics thatās 1% of asset value, which is a below minimum metric reading for any book you might recommend. Lol
Fyi iām of the opinion we get bought out before any coal is sold, the Chinese will be all over this once approved. Paying a billion $ mcap value for a 100 billion asset is good business, wouldnāt you agree?
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YNIR this is a reply to Duster from a few weeks ago.
People can put whatever valuations they want on anything, doesnāt make them right.
I was reserved in mine above at a billion! Time will tell who is right!
Someone isnāt buying millions of GCM shares for the fun of it!