Bit confused by this one.5 Aug 2020 10:56
Appreciate this offer is not quite being considered objectively.
Even the man on the street when offered 300p for giving them (currently c. 292p) for a week or two would probably see owning a slice of a gold mine on the lower end of the AISC scale (pre +2k gold! ) worth more than 8p. HGM aint a prospector and their form, this bid is a hard sell at the premium 'offered' looks a a bit bent to me.
Current plan for me is to ride out, appreciate its an opportunity cost on bailing elsewhere less questionable board decisions, but the current HGM even at 300 has a capped valuation, and if falls thru (unlikely) would anticipate a significant raise on the gold. Price, I've avg in for 200 so not much downside plus the hope of getting a gold mine not 8p at the end.... Have I missed something?