Target Mcap £100m...15 Sep 2018 11:15
I won’t be looking daily SP movements too closely , it’s day trader do, they take small profit and keep moving ! But this kind of co are are rare , don’t wanna risk losing opportunity to make big ! As long as Newmont are involved market will gradually realise its true value it can easily go to 100m giving SP to around 60p
If they give any good news of the drilling or potential reserves.. if it’s similar to SOLG , then we are looking Mcap in the range of $400m , SP in the range of £2.40 to £3.50
Fundemantals are strong :
*NewMont world leading gold mining co with expertise and fund ...committed $30m + bought 20%
* only 146m share in issue ... SP can jump rapidly on any further good news
* it has another asset in Uruguay
* it has a few more high profile investors like continental
*potential take over by Newmont , or other competitor ... possible bidding war which can take SP to sky high
All possible and realistic... DYoR