George Frangeskides, Exec-Chair at Alba Mineral Resources, discusses grades at the Clogau Gold Mine. Watch the full video here.
That’s a very interesting article from the IC. We will now get to see how serious Madison Dearborn are. It always helps to have two interested parties vying for a share. I’m surprised there has not been more interest from the Banking Sector, it’s a cheap way of buying into the technology. Looking forward to a bidding war.
I am always encouraged when I see Directors buying, over the last 6 months a number of them have reinvested their dividends back into the Company at much higher levels than today’s share price. The share price fall seems overdone to me. At these levels it may be a takeover target! At these prices there will be traders trying to make a quick buck, evidenced by the rebound in the share price yesterday afternoon, long term holders will I believe be rewarded over the coming months.
Although there are a number of sales this morning they are not significant. It will be interesting this afternoon or tomorrow whether those looking for a bargain start buying. Zebbo is right there is no premium in the share price at these levels. Tempted to add to my holding if it falls much lower.
My reading of the statement is that there will be no extension beyond this one.
It’s put up or shut up. They clearly are interested otherwise they would not be spending this amount of time negotiating. It will come down to terms and price. I for one do not want to sell it cheaply.
Deadline is fast approaching, some institutional movement over the last few days, but not significant. I have always said that I would prefer them to remain independent, but there is a price for everything. Would not be happy if they sold out for less than £1.75, anything less and we giving the Company away.
Cornerstone has risen from 22p at the end of December to the current price of 36.5 to sell. An outstanding update on 10 January has simply fuelled the price. Volumes are low so no hint of someone stake building, this has performed far better than Equals in that period, as Equals has been held back waiting for an announcement on 24 January. The next few days could be pivotal for Cornerstone.
After starting this subject yesterday, I have read carefully the responses and done my own research. I took the plunge and added to my holding just before the close yesterday. Only time will tell if I have made the right decision , good luck to all that hold this stock. In the words of Del Boy, next year we could be millionaires, we can all dream.