Also, reading back at the original kelengwa RNS. Xtract started a simple ore sorting program for a period of 8 months! We are coming up to the end of that and I'm wondering if in the detailed report we are getting soon, they will inform us on how we have performed there.
That made no sense sorry! I was thinking it and not writing it lol. KPZ were issued the share in January and have to wait 6 months to sell up to 20% of their holding, therefore it can't be them as they will have to wait until June.
I think there is a sell order waiting to be filled. I can pick up 500,000 without it going to auction. So there is some stock to pick up but it's at a premium.
No debt, revenue soon to increase and operating costs are low. Possible deal to be had too. No wonder there is no stock available. Gold also looking steady and increasing. Now is the time Colin! Release the news!
Gold price steaming ahead this morning! I assume all these buys this morning are people investing in gold and small cap gold miners. Some are predicting $2500 an ounce this summer!
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.