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I have no reason to doubt the viability of the project by the way. Just bearing the cost of getting there. I have always thought that could be done with CLN’s, kicking at least some of the cost down the road, perhaps with Wyloo picking up a bigger slice later through conversion.
The question of price is not only for Newmont. Greatland, their advisors, and funders, will have to consider how to go about it, what can reasonably be done to support it prior to income, until FCF, to satisfy development and acquisition costs. Whatever the gold price and thoughts about that.
All posts are speculative only and may contain forward-looking statements that may not eventuate. Nomatter what you are told, prices of shares can go up, down or sideways, at any time. Posters are not financial advisers and any views expressed are their opinion only. Please do your own research, perhaps taking independent advice from qualified persons before making any investment decision.
The outcome of corporate actions may have an immediate effect on the value of holdings.
I find the gold price interesting. I look prices up at least weekly. Because I have money in an unhedged producer. Similarly PM and Strategic Metals, though that one will not be producing for a few months, and then only initially at minimal capacity. Price affects the ability to raise cash if required. One must try to look ahead, long term as well as short unless trading is your thing. And all mining has its pit-holes.
Corporate action(s) here, which is what this is actually all about, may dictate a confirmation or resetting of holders’ relative positions, with long term obvious benefit arising from FCF and subsequent accretion. Nothing is nailed on.
Despite what Ortex may or may not say, I think, though it cannot be proved, ‘shorts’ at this stage are being confused with sells. There’s effectively no open short position to track, the one showing only at a tiny %. And it has already sold.
I think some look for boogiemen to blame when there’s none to be found.
I wouldn’t call them rubbish. You can quote one or more of them from the last few days if you like, to secure the point you’re looking for. If you really want to play those games between us. I’m content to leave it there. So your move - if you want.
Somebody well known, on here and the other side, went by the name Chimers amongst others, once said if there wasn’t a troll he’d invent one. And he did. With the opportunities to argue, make points that brings. And blame ‘shorters.’
So, you know, you can believe what you like. Who knows, you could be right, but I very much doubt it.