RE: If an all share offer for 21p came in would you sell24 Apr 2025 16:50
Possibly, until presented with it I find it hard to say.
Most likely I would flog half, run the rest. I'm not in love with this share, falling in love the problem too many AIM holders suffer from. Or is it lust?
Back of the envelope calc, Likely production maybe 10 million ounces AU equivalent, finger in the air £1k per ounce profit per ounce so total £10bn. Net for tax, discount by an unknown amount because it will be a decade or more to get it above ground, siphon off a load more for other exploration that may turn up something, may turn up nothing. And I'm not far off 70 so cant hang round for ever like the rest of you youngsters. At current SP the Market Cap is £2bn so the back of my envelope and damp finger in the air says I'd be happy with 25p-35p. I'm a simple man, I'd like the cash to swap my Cayman S for a nice 997 Carrera S with a Hartech engine. Feel free to call me deluded on all points, I am thick skinned.