Still leaves the issue of the money for the mine build, 70 mill.
Hopefully, they can get a loan for that as payback will be less than 2 year's.
However, most likely be loan and share issue. The directors have not bought any shares since 2021 so they will most probably want in at that stage again. I think I will wait till then.
I reckon 5 bags within 3 years , minimum. After 3 years gold will be 5000 minimum. After 3 years sell and switch back to s &p which will be around 3000. See you in 3 years .
PoG is going to be well over 3000 next year, assuming we get the inevitable US market collapse . Goldstockdata have this going well over 100p over the next 2-3y.
There won't be enough gold in the world to satisfy the buyers once the S&P goes below 4800. I'm going to be out of everything except gold and silver, Ur & cash from end Oct.
Banzai, I wasn't suggesting a buy back was a good option. I suggested it as it is what they have done in the past. The market doesn't seem to think their previous investments have been impressive , so an investment may not be greeting very favourably. We just have to see what happens. I guess you don't invest 20000 grand with a view that the price will not go up .
Must be something good coming up at AGM. At this price it's got to make sense to have another buy back prog. Would they announce some shortly to be voted on at the AGM 🤔
Just a note to say Don Durrett at Goldstockdata has them down as a 4 to 5 bagger at these prices (that's based on a future GP of 3000 dollar). That's a price target between 70 -90p. Not a bad profit if it gets anywhere near there .