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The other advantage of a Chinese apart from not being worried about US sanctions (in fact might even encourage them), they do not have shareholders that would be too worried about a 100%+ bid above the current SP.
Maybe just wishful thinking on a Monday morning.
You have to believe one of the interested party will drop a binding bid in the very near future. In my mind it is a question of when and at what level.
A low ball bid trying to sneak in or a knock out bid for the whole company by a Chinese producer.
It could be an interesting day - I am guessing there may be some sellers taking 100% profit from the last fund raising, but overall I think we will see more and more people coming in for the ride. I am hoping to comfortably leave 30p behind today.
GLA
Interesting MC 2023 European Gold Forum next week
https://twitter.com/CondorGoldplc/status/1643697285212037133
Reckon he could be busy
We definitely need a real bidding war to get anywhere close to 3 figures in my mind but after this week's tweet I have to believe it is possible.
I really think someone will bid for the company because of the tax losses.
GLA
I find that company tweet amazing.
Obviously we have not had a binding bid as they would have to issue an RNS but it is almost like someone has told the board they are submitting a binding bid. I suppose the question is who , at what price and when.
Watch this space and I am guessing you would not want to be out over the weekend ;-)
I know they probably wanted us to run out of money and pick us up cheaply but it really surprises me that Calibre Mining have not just bid for us with an all paper bid. My only thought is maybe they do not want to have more Nic assets.
https://www.mining-technology.com/projects/la-india-gold-project-leon-nicaragua/
Very positive and I got the feeling he had information he was very careful not to say in this interview.
We are definitely getting close to the end game, which I am guessing will come before the end of April. GLA