Good to see more non Bots buying....and in decent size...
Ask yourself why there have been no Director or Insider buys yet...?
They must clearly still be in the close period that has extended since December 14...
Which means that there must be something else going on in the background preventing them from acting to take advantage of these low prices.
So what could it be?
Fund raising by equity? Not needed yet.
Streaming deal...? Possible.
Sale of the CGP holding is a possibility and my bet would be they would be auctioned to the highest bidder...that would spike the price and get bid speculation going...
Whatever it is it is surely a 'monetisation' event and maybe one which had to wait for the PFS for maximum value, e.g. a JV proposal for Cascabel.
Or maybe it is something else, such as the sale of one or more of the other projects, e.g. Porvenir and they simply wanted to get the PFS out of the way first, thereby putting a floor in for the SP....
Whatever it is there is something happening and it should be good for the SP...
But can it light the blue touch paper...?
Autobots hammering this down again...must be manipulation to keep the price down, otherwise what is the point of a multitude of trades that make little or no money...
Now the Board can do something about it, no longer held back by MPNI...
Must be imminent...they've been held back for 2 months...I expect a raft of insiders to buy now...
"Material uncertainty" is a standard clause...
They could do another 0.5% steaming deal at the drop of a hat...
KapilD its Sangha who is in charge of the financing...massive experience e.g. Wyloo Noront...
Totally agree JMA46...wealthy people making money from driving good companies into the dust..
Oh how massively wrong you were triumph...
And Scotty already did a streaming deal to Osisko..
So Pfs the day after MDA...mid Feb
Gold assumption 1750...still low...
IRR 24%.. a 26% improvement...
Gold at 2000 would take it up to 27%...
Bring on the bidders...
Look we all knew the MDA was due...and virtually none would have thought we would have seen a price in the low 6s with the quality of asset we have in Alpala alone...
And it is unfortunate that it has been released on the day the markets have been hit by the news about UK recession...
But frankly, given that the MDA was never going to contain any positive news, I am much happier that it has been issued before the PFS because it would have taken the gloss off...
So...apart from macro factors, such as copper and gold prices, there is nothing to prevent the PFS having a positive effect on the SP...
And snowman, if only because the gold price is $700 higher than the last PFS assumption and Scott has promised a lower CAPEX, I expect the IRR to be well above 19% and much higher on alternate metals prices assumptions...
This is hard...for all of us...but as someone said recently...
It's always darkest before the dawn...
This morning i was comforted by Mather, Sangha and the former CGP shareholders having far more exposure than any of us...
And if there is no bid forthcoming immediately after the PFS I expect some if not all the CGP holding to be auctioned off at a much higher price than this...
And of course it will create no dilution...
Yours...fellow sufferer...rk
Driven by Autobots as usual...whether this is manipulation or not, we've all seen what relatively little consistent buying can do in late December...
No because the PFS is imminent
Hits a high of 7.84 then trashed by Autobots...again...
And the Quote...at 7.68, is above the Bid Offer of 7.59/7.65...
Going up...?
High for the day...
42,806 bought at 7.84 at 10.52...quote was 7.60/7.90.
I'm firmly bid 7.5612 for 400k...
Being bought in Canada...up o.59 at 7.67...
Sorry Energy Transition Minerals Ltd
Hard to understand why Kobold don't just buy this...MCap £5.8m. How much would they have to pay, thereby gaining 100% of Disko...
Or are they waiting for JAY to sell everything else off...
(Or for that matter Greenland Minerals to get a working foothold back into Greenland...)
With the PFS due some time next week, I wouldn't want to be out over the weekend...
Wow! Im bid full price at 7.21 plus for 700,000...
What does that tell you...?