I think we need the cash to develop our other projects and MMP will know this. So let's say 1. We need the capital 2. It could be a good deal for MMP at current levels and gold forcast. 3. In the latest RNS's colin wants to increase shareholder value! How will he increase shareholder value quickly?
CE, I believe your most likely to be right but, with the gold price currently increasing fast and some predicting $2000 an ounce, will MMP want a deal now on the cheap compared to gold price in a year's time??
There is apparently a shortage of gold at the moment pushing the price up. Let's hope for this trend to continue upwards of $1700. I think we might see a delay in the hard rock news if it is a buy out contract due to the volatility of gold price.
It could be KPZ offloading up to 20% if they notified xtract 60 days prior? They were given the share on the 2nd of January and have 60days prior to selling to notify xtract, but they can only offload 20%. But this would not be aloud as they have to sell in a period of 6-12 months after? Is the rule after they received them or after the contract was signed? Starting to think as I wright it can't be KPZ
The market cap is about 3mill, what will have to it if we get a deal with MMP for a minimum of $20 mil ??? Seems to be well undervalued and that's why I topped up! Gold price is good and will be for the next few months. I just hope the hard rock news that will be put to shareholders creates value like they have implied!! We will see very soon! I think this is a great time to get in if your not already.
I think it's a great opportunity to fill your Isa this April. I was hoping the price would come down so I could bag as much as I could but I didn't expect this drop. I'm not selling so will happily use my Isa allowance on afc. I'm hoping it stay at these levels until then. Gla this will bounce back in a few month once this stuff is cleared. No panicking here.
I hope that RNs means Colin is taking a lesser role and we get a new CEO. I suspect Colin wants to take a step back due to his age but I don't think he will leave completely due to the copper plays he wants to see to fruition? Just a thought. I also took a more in depth look at the website and noticed a lot more images in the gallery I haven't seen before. Looks to me like quite a substantial mine/mines progressing, I hope to see all this equipment running soon!!
I read the MMP contract rns again this morning. Even if we get the minimum price of 20mil this is multiples of this so and we still have lots of other projects going on. Baffles me why this SP is so low. Top up now it's a no brainier for me! Gla