RE: buying28 Dec 2018 12:31
depends on the margins and how that related to profit. the gold trading side with 1% margin is not profitable at corporate level. with reverse integration margins move to 8-10% but the Honduras notes from align suggest a lot more.
There likely will be another 5 lots of reverse integration planned in Africa and Thailand with possibly similar margins.
So the bull case here is more revenue, more margin, no death spiral, sp not far from all time lows and gold doing well too. hence im holding
dyor