The Lovegod just woke up with a huge woody this morning, so being the God of love i'm going to give you all an erection too !
Think about this grasshoppers.....
CHIFENG:
- Chifeng paid 40c for a $3,000,000 placement into MTC on 22/12/2022 when Gold was just US$1,850 & no permits.
- Chifeng also bought on market around 40c to increase there MTC holding to almost 10% back in year 2022.
- Chifeng would have been spitting chips if the TMF offer was successful because they would have only got 33-40c cash back immediately.
- Chifeng would have then wasted 2 years and basically lost money on this Gold investment when Gold went from $1,850->$2,503
- Chifeng would not have wanted to buy more at 23c, 25c knowing they would only maybe get 33c back and wait years for royalties.
- Chifeng would not have wanted to buy more on market then to have Management accept the TMF offer and tie up their cash.
So what's the best thing for Chifeng to do, as they are just like you and i waiting around to see if they accepted TMF offer ?
- Chifeng would want them to cancell the TFM negotiations.
- Chifeng would not want the prospect of a limited return taking possibly years to get there initial investment back.
- Chifeng want to build a mine , they don't want to be an investor for TMF to build the mine.
- Chifeng just completed due diligence a month or too ago.
- Chifeng is absolutely the major Chinese Gold producer mentioned in the just released quarterly report.
.
Do you have a woody yet ?
I'm convinced Chifeng have said to them to terminate discussions with TMF as a show of good faith. then Chifeng will step up to the plate...
If We need Cash whilst negotiations continue , Chifeng are then happy to bat, Chifeng would then say we are happy to do another small placement to top up our holding cheaply before launching a full, nice and clean takeover to get the only 180,000,000 shares we need to own this mine...
Everyones a winner !
Lovegod flys to slovakia to sample the most beautiful slovakia women on the planet & i find those Chinese executives who just visited are already back there at the local hotel talking to there favorite bartenders and grinning like Cheshire cats... So much better drinking in the fresh cool snow getting served by supermodels than in a smelly Chinese sweat shop during the China summer !
Talking about Cat's, if i was a Cat, i'm feeling like this today....
There is nothing holding us back know, the potential TMF offer would have actually been preventing punters buying this, because the carrot of buying at 25c to maybe get 34c cash back and have to wait around for 5 years to get the balance would actually be a deterrent..
The game has changed know....Buying at 18c to get a trading halt and a +55c takeover with you cash back in 2 day's is a whole different temptation isn't it...
And we know the directors have said TMF offer was way too low considering Gold is know up 30% since January, and we know Chifeng happily paid 40c on the 22/12/2022 when Gold was just $1,850... So it doesn't take a rocket scientist to figure out the Minnimum bid would have to be north of 60c........Which is Only 50% above what Chifeng already paid and Gold is up almost 50% since then!!!
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18.0¢ |
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Mkt cap ! $35.43M |
Open | High | Low | Value | Volume |
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Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 26668 | 18.0¢ |
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Price($) | Vol. | No. |
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18.5¢ | 154302 | 1 |
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2 | 46040 | 0.175 |
6 | 256272 | 0.170 |
1 | 25000 | 0.165 |
1 | 20137 | 0.160 |
Price($) | Vol. | No. |
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0.195 | 25641 | 1 |
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