RE: Price at MRE10 Apr 2020 14:57
Prof, - part of me says sticka finger in the air and dream a sensible guess.
Another part of me does similar calculations to your own ( prudent,cautious, actual known figures where possible ) - AND
it comes out better than my dream.
And then there are all of the known unknowns - like POG. ( and copper ). Pog rocketed backup yesterday after a bit of profit taking earlier on Wednesday, and currently sits at $$$$1682 ish . The pro pundits are adamant that POG will scorch through $$$2000 by this year end. Every dollar rise in POG is clear additional profit to the extractor ( which is one of the main reasons other than Telfer feed ) and that is why NCM are driving so hard.
Stable Government behind their principal export earners, ( relatively VC19 free environment ) , leading edge mining technology, no shortage of funds, excellent trusting JV arrangements with outcomes that will massively benefit both, further huge potential in one of the most prospective mineral environment on the Globe,................ give me 5 more minutes and I could probably add another half dozen.
So the unanswerable question is how do you add that into your calculations ???
I wouldi like to think that the minimum buyout for Hav on its own would be $1 Billion which is around 28p a share. And I would hope to see GH distribute a special divi to his loyal band of SH's.
Other things might get thrown into the deal-- some icing on the cake.But I also want to see GGP remain a prospecting company, developing Scallwag ( another 1 Billion and a divi )- then Black Hills etc. etc. WE have a long way togo yet.
But I will be happy to sell Hav for $$$1 B, and take a divi for starters.
tig - the realistic optimist.
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