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I regard the take-over as good news, not bad. Mali needs a firm grip instead of riots. My opinion is that the risk is overstated and that this is a buying opportunity
The question in my mind is what happened to SB's 4% of shares? Did he hand them to his broker to sell and they are being dribbled into the market? Are they parked with some other investor? I don't think he could have sold them to Newcrest or we would have been told. The current weakness in the SP might have this origin or perhaps it is the lack of any news.
You can be quite sure that our BOD has talked with every major shareholder at some point. They all know and have evaluated the situation. They all have plans and contingencies and they are all waiting for someone to make the first move. It is a game of high stakes and it is also a game of bluff. Once the CGP situation is sorted and the resource value of Alpala clarified, you'll see some action - and I think it will be dramatic.
Once the full value of
Monkshood,, I thought you said that all the hedged sales closed off at the end of the 2nd quarter? How much is left now?
My understanding is that we are now making about a thousand dollars' gross profit per oz and producing about 100K oz a Quarter. If so, we should be able to expect a rising SP graph into the future. A comfortable thought.
The SP graph goes gently upwards despite the shorters. I look forward to the next production report.
Unless they already have some big deal lined up, I wish the Board would stick to digging gold and selling it. Selling assets is unsettling for everyone.
Opened at over 60P on the ask. There have been more buys (volume) than sells and the price of SP has dropped to 58p. Inexplicable.
Thanks for the useful view, I regard you as my guide through a very strange situation. Seemingly an under-rated share whose SP goes down against logic.
IMO, Newcrest will sell out to BHP after October. Newcrest will then spend a chunk buying out GGP (Greatlands's) interest in the Haverion gold/copper prospect. The timing is right. Better to have all a small cake than a slice of a bigger one.
Agree with many of the positive views. Time for a new broom and the potential is still there.
It amazes me how little comment there is on Resolute considering the various mines in various jurisdictions. Is there nobody with contacts to shed light on progress?
On a six-month view, and given current bullion price, this should be a very profitable entry point IMO.
Cheer up, everyone! Think of all the Saudis who stumped up a billion and a half dollars for shares in their national oil co. only six months ago.
Market value £212million Cash in hand £152million. Trading profitably and sitting on an oilfield.
You do the sums.
A lot of indebted companies will go under, particularly in the Permian. Hurricane will survive and in six month's time, oil consumption will not be back to normal but will be close to it. If I had the testicles and money, this is buying time in both senses of the word.
...and Serica is down 13% and they are mostly selling gas!