focusIR May 2024 Investor Webinar: Blue Whale, Kavango, Taseko Mines & CQS Natural Resources. Catch up with the webinar here.
By the sounds of it, the construction financing was just about all done, before the sanctions scuppered the deal. I think things have changed since then, the sanctions have faded into the background somewhat, Calibre is going great, gold is up, even Condor's SP is up. A new financing deal could be arranged, and who knows, it might even end up being done on better terms than before. That's not the expected outcome at the moment of course, but I don't think it would be too difficult if it came to it.
For a full company takeover, then I would think so yes. For an asset sale, not sure, wouldn't be suprised if not. If so, the management would express their preference (this is the best offer we're going to get, in our opinion), and you'd have to feel pretty stongly about it to go against that. JM and MC will have a strong say in it just due to the shares they hold in any case. Unlikely that a few PIs would be able to make much difference, even the PIs with larger holdings.
No idea. If you had time on your hands (I don't) you could work it out, if you went back through every placing ever, but the reality is it's irrelevent - it's a sunk cost, and has no bearing on the value of the project today.
Regardless of whatever numbers folks are advocating, clarifying whether you're talking about USD or GBP would be really helpful...
Oh, and if you think 70-80m is the takeover price, then I do hope that's in GBP, since the current MCap is £61m ($75m)...
I can't speak for NML specifically, but there are perfectly good reasons why one may buy higher:
- Judging the current situation to be less risky and/or more rewarding than previously, as the situation develops and more information comes to light.
- Availability of funds. A work bonus, an inheritance, selling other assets, etc.
- A pound-cost averaging strategy.
There are probably others. Not everyone is in the same boat.
Interactive Investor
Even if telling the truth, all-in on AMGO would be utter insanity. I don't care how much money you (allegedly) made - with a 'strategy' like that, you'll give it all back in the near future. Amazing just how much someone can inadvertantly reveal while attempting to brag. I doubt that his posts regarding KEFI will age that well either, but time will tell...
"i invested heavily years back"
That's your problem. Don't take it out on the rest of us.
It is a pattern across AIM, and perhaps further afield as well, that a strong rise on good volume is often, perhaps even usually, followed by a slow decline on low volume.
The reasons why are not difficult to fathom - a good RNS causes not just the LTHs to top up, but also half of AIM's rainbow chasers - the ones looking for a 10-bagger every week, to pile in (high volume). That hot money drains away, leaving a slowly-shrinking population of stale bulls who stop buying, maybe even top-slicing a few, over the next fallow period (low volume) until the next RNS. So that pretty much covers why the price falls in tandem with the low volume.
As to why the price does not break out, well that's down to your expectations more than anything - I think the price *has* broken out. 0.58p 6 months ago. 0.91 today. That's not bad. More to come hopefully, but it needs that good RNS to go further I think. Until then, we wait.
You think you know everything (not a good trait at the best of times, but particularly unhelpful when investing), but you're just one of those stale bulls, suffering from your own emotional baggage more than you care to admit. Maybe you'll be right about a placing, maybe you won't be. Even a stopped clock is right sometimes. If you're wrong, will you admit it, or will you find something else to whine about?
Holding off until *the* RNS would have cost 55% over 6 months, at the time of writing. Not to be sneezed at. You'll be lucky to buy anything at under a penny at the very least on the day of the RNS, and that's assuming no further gains until then. Less risk, but less reward too. But why be here at all if you didn't have the stomach for the risk? There are safer gold plays...!
(Although I'm bullish here, quoting in-situ metal content numbers is rampy nonsense though, I gotta say, and that's true whether it's investors or the company itself putting them out. They mean next to nothing. There's trillions of dollars worth of all sorts of things in the Earth, but getting it out takes time and money. Capital costs, AISC, production rates, etc, are the kind of numbers grown-ups want to see.)
It may have taken a while for the MMs to gather the shares for that order. Looking at the SP over the week suggests it could easily have been a buy at that price. The SP is up too, suggesting a buy. If it was a sell, well it's in the SP now, and did I mention that the SP is up, so buys outweighing sells either way.
Think my Bed'n'ISA got done just in time. III always seems to take a while to get round to it, but it's gone through today, as have a few others by the looks of it.
Gotta say, that's the most pathetic attempt at deramping I've ever seen. Also, 203 posts on HARL in just 30 days? At what post count does it become an unhealthy obsession? CNR up 70% in that timeframe, HARL 8%. Enough said.
Wow, pretty sexist TBH. Men would be pilloried for less. Though to be fair, I'm no fan of the playground insults either. Attack the argument, not the proponent though IMV.
If the purchaser doesn't want to pay a reasonable price for the rest of the land package, then we keep it. Simples.
Put a couple of million of the La India sale funds into exploration drilling, *then* sell it to them for several times what they could have had it for in the first place, if they hadn't been so tight.
The 2*2.5m share trades? Each precisely £20k worth? Bed and ISAs, must be. One buy, one sell.
Crikey, that's a pretty confident statement, in bold capital letters, in a pretty graphic, and posted for the world to see -
"THE BOARD IS CONFIDENT THAT A BINDING AGREEMENT WILL BE REACHED. INVESTORS WILL BE UPDATED IN DUE COURSE."
Not official until it's RNS'd of course, and we can only guess at the price, but the board must be satisfied with the negotiations so far, or they'd be a lot more cautious.
I've got all the shares I need TBH, but will see if I can find any more pennies down the back of the sofa.
Thanks for the RB video Seingred. You can read a number of good things into it for us, and for gold juniors in general going forward. I did note that Lumina Gold's mine is anticipated to cost a cool billion dollars (CAD or US?). In terms of their potential aquisition price, I wonder how many million oz would equate to that capital cost...
Completely uncalled for Bear. Personal insults say more about the shooter than the target.
"We are not in the bull run yet"
Claude Bejet seemed to think we are.
GDXJ up 9% over 5 days, 16% over a month, 37% over 6 months.