After previous disappointments perhaps they are playing down what data is displaying but gut feeling is it is not commercial at this point..just for the record I have previously been invested in 88 but no more and no wish to ..just interested and wish all those invested the best outcome as it is very long overdue
What puts things more into perspective is that based on what ALL have drilled and proven up it is almost inconceivable that we could not at least double that considering the untapped acreage of the tenement
I think they might like to get on board before ALL list on Ghana as the time frame for that was somewhat in the future and much of the sp appreciation would probably come with ML and as we head to first production
I think you have made your point ! Any chance you can stop shouting by taking your caps off ? Do you know Mr004 by any chance as I reckon you two would get on well and have a lot to talk about !
I would be very surprised indeed if the MIIF entry price was based on the last couple of weeks trading. I would expect the price to be in excess of current price and closer to the price before BO shenanigans ..imo
RE: Ghana Mining & The Stock Market24 Mar 2023 11:42
I think that is what all the negotiations between ALL and MIIF are about ..Ghana stock market listing and timing of that and price of entry for the fund..every one of those factors with the consideration of the ML are linked and my feeling is that MIIF will make an initial investment with the proviso that ALL list on Ghana market in a certain timeframe and then ML will follow ..imo
If you have the belief it is an absolute no brainer with the sp at this price..if any doubt then wait for the next piece of the jigsaw with MIIF on board..sure you will pay more but then we are even more derisked and should give more confidence before the dfs which should be a nice coat of icing on the cake..just my opinion and I added a few more at todays price
I don't think I will get enough to split 4 ways like TheItalian lol but I would double up on my holding in another out of the DGR stable that is ALL which I am sure many on here know about
Agreed add we would be better off being taken over at a sp not far from where we are now rather than enter a jv and experience the long drawn out pain of being diluted to oblivion over a number of years..lts face it there are not many infrastructure projects that get built on time and in budget.