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Read the RNS ... including all shareholders! ... i dont agree with your negative outlook ... after funding is in place i will decide buying more ore not ... this marketcap is such low... even en entry at 10 pence or more would be cheap ... 30+ years minelife .... and a second project in the pipe valued at zero now
Solution will include the cornerstone shareholders .. everybody can read this in the RNS ... so lets wait and see what happens... best case is.. price for nickel goes up soon and the situation for all involved gets better... this is a project for 30-40 years to come.. so 400 million more capex is no catastrophe at all ..
"The Company will continue to work closely with its major shareholders and senior lenders on a full funding solution, targeted for Q2 2024." .................... shareholders will be involved in the solution... this panic makes no sense... ok, selling makes no sense now ..just sit and wait....
Other nickel-projects like Crawford in Canada (Canada Nickel) or Baptiste (FPX Nickel) have a capex of 1.95 billion USD and 2.2 billion USD (initiall capex) ................ i think 1 billion USD Capex for HZM is not an absolte catastrophe .. the feasibility study was unrealistic, this is the main-problem....
I think POG will go down next weeks zo appr. 1900$ and people will be happy receiving the dividend + 13.5 pence in cash ;) .... after POG's downturn you can buy some miners 30% cheaper and this is nearly the same like an 16-17 pence -offer ... thats why i feel OK here
Ahhh, the bashers are back ... i will do nothing here until the funding -issue is solved ... fact is..it makes no sense issue billions of shares at these price... i bet it will be a combination of another offtake-agreement and debt -funding...
We will see .. 1. step financing of remaining construction activities , 2. start of production , 3. price of nickel and cashflow ... we will see ... i will hold my shares because it was undervalued at 100 pence and its even more undervalued now at 20 pence
Someone believes there will be an superior offer by the Chinese or a russian miner? ... i'am not sure .. the good thing here is.. the price should stay around 13 pence for the next half year without an other bidder... maybe POG will go into correczion-mode soon and you can buy other miners 10-20% cheaper ... in the event this happens i will sell and thy my luck with Montage Gold, Dundee Precious Metals or Torex Gold ...
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