For myself, I hope this deal fails.
I'm prepared to hold and take my chances with the Eritrean political problems, as i see much more upside ( and exploration upside) in getting to production.
Best you'll see at this stage is perhaps 50 cents/share as an offer ( pretty significant premium on the recent SP), but nothing like the premium in 2 years as a gold producer, when it could be $2-$4 per share.I don't think thats an exaggeration, but it comes with risk.
Yes, its the long view versus the short I know, but the predator is buying precisely because of the inherent value as a producer.
non-binding letter , page-12
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$1.22 |
Change
-0.060(4.69%) |
Mkt cap ! $470.6M | |||
| Open | High | Low | Value | Volume |
| $1.26 | $1.27 | $1.21 | $3.328M | 2.688M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 21 | 103115 | $1.21 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.22 | 122054 | 16 |
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