RE: Valuations28 Sep 2020 17:03
Voightlander's post has finally tempted me to respond.
As a ACP shareholder of many years I must remind fellow readers that ACP is an investment company, not a mining company.
I read on their own site news from 2007 and 2008, and it all seems to be the same story of extended planning, but at least I now know why they are listed as a water business!
My take is back of a fag packet: They will sell the project once they have some certainty on deliverability, that means once they have obtained mining rights. All we have to do is to evaluate what % of the NPV they can command, and their track record on their gold project does not bode well.
However, my fag packet says that if the get a valuation of £1.00 per share, and sell it for say 35%, then the maximum value we could see is 35p per share. Discount that by 25% for good luck, and we see about 27p.
I look forward to seeing that sort of price, and then I will say goodbye...................