RE: Good info with Interims21 Sep 2023 10:21
Just because the SP is 3p now is of no relevance whatsoever to a Sale price, fact! The doomsayers try to say that any buyer could scoop up shares at this price. too right, of course they could. But what do you think that would do to the SP as they try to buy the 100's of millions to get any significant stake at all? Yes, the SP would rocket accordingly, possibly above any sale price!
So for what it is worth, and as most know, I am always positive towards the company and my large holding. My view of the Sale price is aligned to CS in that obviously some value has been wiped away de to Geopolitical problems now, and after the War. However, it is in nobodies interest to destroy the Russian Economy completely, severely damage their War machine, a big Yes! Part of peace negotiations will be to rebuild the Russian Economy of which PGM's play a massive part. The world still needs them and Western Companies will invest again. It is Big Business that makes the world go around. Or money in other words.........
How you feel about any Sale price will obviously depend on your buy in/average. I understand all points of view. For me even 10/12p represents a substantial profit. For others it would be a substantial loss leaving them very unhappy.
It is almost impossible to guess a Sale price, not knowing all factors e.g what else is in the ground/resources upgrade and War discount. Controversial 30p ish? Gives me a + 10 x return, which I deserve for years of reading wolfies posts alone lol! GLA genuine holders, imo a Sale is certain and I think an offer will be on the table by end of the year. Fire away knob heads ;-) Glory to Ukraine!