RE: This is not going any where2 Dec 2019 22:49
NP
Its starting to make sense now, the multiple million buy orders showing up on L2 just after lunch.. People are starting to try and get in now I bet...
The way I see it is that to really make a killing we need this ramp up and therefore need the capital..
That said, they should be able to just about cover costs with current production and they are sitting on some world class assets..
The mkt cap is 10m... It will take almost nothing to drive it higher... EUA has gone up 10 fold on speculation someone might buy it out (10m > 100m)
"Things" are clearly starting to happen here, biggest risk cited by the doc is the gold price, and that has been strong all year.
I expect we will see our buyers back again tomorrow and the 0.6 level will be a distant memory as people look to get in on this close to historic lows...