Too cheap! <£3m for 1.5M Oz’s in Open Pit in Canada!14 Dec 2023 22:00
Agreed management continues to look sloppy. But Claude may get the rub of the green with these delays.
Obviously the bankers are extracting their pounds of flesh from the equity for not accepting their terrible terms, but Claude may have been right to wait till next year instead and the gold price strength shows itself which will get us far better terms just at the right time.
The economics are getting better here already. Show me another gold explorer with proven 1.5m Oz’s in shallow open pit, such low aisc’s and plenty of room to grow ALL IN a safe jurisdiction for LESS THAN £3m Market Cap!