Connect1 the bottom line is that you will get what we get from the sale of the assets/company. It would be nice to see the sp rise in the meantime but as long as the sale goes ahead (management are confident) we haven't got too much to worry about. Personally I feel fairly relaxed about it but 40p this week would be nice nevertheless!
Agreed adam. Also MC was talking about a further one or two site visits being organised (at the end of an interview last week) so that could well increase the bids to five or six.
What we really need is return to the sentiment we saw for junior goldies back in 2009/2010. That could happen if gold pushes on a bit higher and we would be looking at multiples of the current sp. Here's hoping
RE: Founders Equity Alignment Plan - 31 March RNS17 Apr 2023 10:57
Me too. A way to go yet but if gold continues to prosper and the two mines are producing without set backs this will definitely be in the 20s at least IMO
With every week that passes we are getting closer to an RNS (hopefully) announcing a binding offer. AS MC stated that come now come at any time. With that in mind I think the momentum here could accelerate.
https://www.youtube.com/watch?v=mjvYX4fQo3I&ab_channel=AdelaideCapital For those who missed this Q&A session it is worth a listen, particularly the last five minutes or so. MC mentions how undervalued CNR is based on today's gold price ($400 higher than the FS forecast). He also declares that he is very happy with how the sale is progressing and mentions that at least one possibly two more companies intend to do site visits. The three site visits done already produced three of the four current offers so hopefully we could end up with five or six competing bidders.