No, why? ite pure calculation ... sell 4-5% below the offer price because worst case this is dead money for a half year ... you can buy cheap other stocks like Montage Gold , Dundee Precious Metals , Torex gold , Marathon Gold or others for a bigger chance of a gain.... or you stay here ..waiting for an takeover battle..
Look at least he COT data for gold... the commercials are short bigtime.. this suggests POG woll go down significantly .. i would wait for 200-300$ lower prices .. but an unforseen event could trigger short-covering and propel POG-prices higher
The problem is .. people don't trust managements of resource companies in general ..... sensless PP's , strange deals/takeovers , bad management decisions .. . i own a lot of shares of bad managed companies ... and we know we get a new CEO... nobody knows what he will do ... we have to find out the new one acts in the interest of shareholders or not.... the best case is..a takeover
There is no positive relationship between crypto and gold ..money wich flows into Crypto is not available fpr gold ... so iwould say crypto is the opposite to gold ..after this ETF-hype crypto (bitcoin) will fall,below 10000$ and more..its hot air ..zero value
Impossible.. LaMancha IS the biggest shareholder now ... and now the CEO is from La Mancha ... there will b an offering at 20-30 pence and LA Manche , Glencore will take most of the shares in combination with an credit line ... some dilution but 3-5 years from now all will be happy ....
A PP is impossible at current SP ..i think they will double the sharecount in combination with a credit line ... this will lower the price target ... maybe 100 pence in 3-4 years possible ... hopefully there will be an possibility for participation for old shareholders... i think yes..because exclusion of old shareholders would be an unfair move.. some waited 10 years or longer for production...
RE: Up to 20p today….uncertainty will diminish with todays RNS15 Nov 2023 08:23
In my view they should sell 51% of Vermelho because nobody will lend them money for a new project again after this desaster... or/and give away 30% of Araguaia ... maybe they are a better operator after the project is up and rannung.. nu clue...
RE: Up to 20p today….uncertainty will diminish with todays RNS15 Nov 2023 08:20
They could sell their second project or give away 30% of the project in construction for the remaining funding ... the current SP is unreal ... SP minimum 100 pence next year same time