So that will be less than a years profit from our 25% ownership (not that I think for a minute we wont be taken out soon). Oh and I forgot about the payment for the extra 5%. Now what percent of the current market cap is that going to be. This mine is going to make Telfer look like a minnow :)
And the fool didn't even mention the deal that Newcrest have with us to take 70% of the mine. One of the worst researched and written articles I've seen in a very long time.
Any serious investor will take opportunities to sell/re-purchase. Increase your holding for free or skim some profit-it's the name of the game. Well played SB
RE: Anyone fancy starting the predictions for tomorrows30 Apr 2020 23:36
Beetham without a shadow of a doubt. Personally I couldnt care if this goes up or down in the short term. If it drops I buy more, if it goes up I sit back and wait.
Numis have to be conservative-they take into account all kinds of risj factors to reduce the sp-also will assume that not a single oz of additional gold will be found. Look how theyve doubled their target sp in just 3 months. Same again next qurter takes us to 24p
My main concern here was that Newcrest made a cheeky offer for GGP around the 15-20p mark. That fear has dissipated and I think were in for a bonanza in the next few months.
RE: What average price did everyone get their shares at?28 Apr 2020 23:28
BTW I honestly expect a bit of downplaying by Newcrest tomorrow and expect a pull-back. I wont telll you my target, but will tell you its a multiple of the current sp. GLA