Going bust is nothing more than mathematical possibility, the reality is unlikely. Given the discount to book ratio here, anyone buying now or who has a low enough average would be quids in from insolvency... Even more so once Kor is built as that deleverages the debt taken out for the build against the yanfolila and dugbe assets.
Results don't usually effect the sp of miners as the they're pretty much an a known already, courtesy of the Q updates, with the exception of write-downs
I wonder if they'll be hoping to take the DFS with them... I mean imagine speaking at a conference and having to say "the dfs will be ready next week". Surely you don't go without it when it's so close to delivery?
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Our Pasofino holding is worth £14 mill now then, I wonder what price with a dfs and then what price fully funded, when they announce the funding package?
Not many people getting tricked to sell though, most meaningful transactions today are all UT's. More positive news flow will likely bring more attention and thus competition, they'll have no choice but to let the bid go.
Ten year topping out on the weekly. Where on earth do the FED go during a safe haven scramble... Imagine if we got sub 100 bps again as we did for covid at a time when Central banks are talking about quantitative tightening and raising rates?
Ukraine feeds the world, Putin knows Russia days of selling gas and oil are limited, he needs something else to blackmail Europe with and looking more and more like central banks have been so far behind the curve for so long, it's now out of their hands and this Ukraine disaster and tightening restrictions in China could be another Black Swan event.
Pasofino is valued at 37m cad and that's for just 49% of Dug, chuck the other 51% in and thats' circa 45m gbp or 64% the value of HUM for Kor & Yan & Dug
Basically means that 100k Yanfolila and a fully financed second blue print mine (Kor) with nigh on 10 year mine life are valued by the market at just 25 million gbp.