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Bonds conversion was at 8 or 9p, which after consolidation makes new rate at 180p long time ago I had calculated. Gold is having good run. History suggests laggards will follow. Low ball offer at 70p seems very likely, La Mancha is just a trader, not producer.
Lot of money is already spent, imo projects NPV is up. Costs up is global phenomena. How much shareholders funds are spent? £100-200m , if Glen takes over at 300p, that will be 14 or 16p original before consolidation. La Mancha bonds conversion is at 180p.
La Mancha bonds can be converted at or around 180p, investment averages around 120-149 p by rough estimate. Glencore are also averaging above 120p.SP at 10p, project is near completion, even slight improvement in nickel price or loan grant will push SP above $, because equity raise is not a likely scenario
Golden opportunityToday , Solgold should build a major stake in HZM, and change its business model and become an investment vehicle.
Project is already at final stages, this is a golden opportunity for any new major investor to outcast La Mancha and Glencore. Currently SP is below penny contrary to the price they (Mancha and Glen) are invested at.
Project is already at final stages, this is a golden opportunity for any new major investor to outcast La Mancha and Glencore. Currently SP is below penny contrary to the price they (Mancha and Glen) are invested at.