RE: KDNC4 Jan 2019 09:07
I understand your disappointment but IMO the underlying value is still there. Concern about raising funds has led to fall in price of BCN but Peter Secker seems confident that it is not a problem and given that NPV of Sonora is $1.25billion (about £7 per share),even after dilution, there is a substantial amount for existing shareholders. EMH has suffered from concern about Czech government although in presentation made in November EMH said “Stable country, well regulated”. Its NPV is $540million (about £3 per share). In addition there is MMS, Auroch, Clancy, Greenland, JVs and possibly San Luis.