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Why RNS is not published on this website?
Silver going to 30-35 would be enough to double.
Reinstalled my position here. At a time of renewed banking difficulties (New York Community Bank) and tech stocks finding their Minsky moment, it is a danger not to be exposed.
Well, I have been buying and continue to buy for many months here. And, unlike you, Fukutu, I am not trying to depress the price. I have been taking what people want to sell to me. In the long run, scaring people out in this chat is a stupid strategy (if it works at all). The more investors, the higher the price will eventually go. It could be similar to HE1 rise from 0.19 to 2.11 in just a few days after the second bank credit sign-off. And then would it really matter if you bought at 0.60 instead of 0.64?
There'll be a lot of volatility for sure. When it moves up 10% on no news, and gold/silver/peers stagnant, one has to sell. And vice versa.
I usually do not trade frequently, but this one I sold. The move just does not seem right. Happy to buy back around 510.
It moves relentlessly and smoothly. Someone get caught short?
If the claim is confirmed by the Supreme Court, what would it mean for the company? Minus US$125 million? What is the timeframe for the settlement?
Thanks, Rob. Well, regarding the price of gold, if you look at the WGC graph, more than 60% of the gold producers had AISC higher than $1200 in 2023. Even $1600 would bankrupt the entire gold industry after the recent inflationary increase in costs, cutting the gold supply. Hypothetically, I could see the $1600 in extreme situations, like the 2008 liquidity crisis, but it would not stay there for more than a few days.
Suppose we get credit sign off from the second bank. What are the remaining risks between that and funds drawdown / TK construction start? Do you see anything (apart from the new war) that can derail the deal after that? Thanks.
ARTAR funded £3.5 million of KEFI's 2023 contributions for 2% share of GMCO. Of course, KEFi was in distressed circumstances, with no cash available. Yet, if we accept this valuation, the remaining 25% of GMCO should be worth at least £43.75 million. Current market cap is £32 million. TK is for free.
Kadavul, when someone wants you to sell, he/she usually wants to buy more. Basic logic.
Tony probably acts in his self-interest. He is trying to convince you to sell your shares. Sadly, the lack of integrity is typical on this board. It makes people voicing opposite opinions about the same company, depending on their current position. Like Erik, Tornadotony lost his reputation. His posts about Shanta are partial, and evidence presented is selection-biased. The real danger is that he and his cronies accumulate shares to vote for the takeover.
I have no doubt it is a 5-bugger, provided the construction is started, and a 10-bugger after the first gold pour at TK. It can be more if the gold price goes higher, and/or if Saudi is on track.
Little turmoil is always good, provided that after it we will have a stock valued at 25-50p and BOD aligned with shareholders.
If the gold price goes up (and there is no higher offer), the takeout will be voted down and the stock price will appreciate. If the gold price goes down, we will dampen the shares to Patel for 13.65.
My take is that the conditions mentioned are related to security and community relocation. These are quite natural conditions, the lender should not bear a risk related to government efficiency. Force majeure precedents. The RNS is super positive, we will probably see a stronger price reaction in the next few days.
"Full Project launch, including funding drawdown, is on course for H1 2024, subject to the satisfaction of all the standard conditions precedent for a transaction of this type, independent confirmation that the Project is ready for launch from security and community standpoints, and final board approvals of all parties."
Adw198
I am not asserting anything, I am using logic. Let's think together. Suppose that price is hitting 13.65. You have shares and intend to vote Yes. It is rational for you to sell your shares immediately at 13.65 or higher (assuming there is a bid for your size), rather than vote YES and wait for the proceedings. So you sell. Who would be the buyer? Evidently, a party which intends to vote No (why would they buy otherwise?) So the mere fact that the share price reaches 13.65 and is liquid enough at that price guarantees a No vote.
Voting Yes would be irrational. Offer rejection would either force Patel to increase, or push the share price much higher, allowing institutions to liquidate at better prices. Fundamentals must overrule short-term myopic behaviour.
There will be people here trying to convince you that "this is dead money at 13.65", "invest elsewhere", etc. These people want your shares cheap.