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Ann: Feasibility Study Confirms Namdini as Tier One Gold Project, page-254

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Cashmeoutside

3,080 Posts.

1872

12/11/19

16:02

Post #: 41381851
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Originally posted by 2ic ↑

The share price absolutely impacts CDV's bargaining position and by extension how any potential suitor will act or price they will offer. I suggest that the price is close to the level where CDV cannot realistically do the broker rounds trying to drum up $125-150M in a placement. After the required discount to get a CR away we are into the 20's, if not before. On the upside, this makes a lower ball offer more attractive to CDV as reality sets in that their baby is not as attractive as the parents think. The low share price increases the chance of a suitor throwing in a value bid for sure

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Let’s just hope Archie isn’t as greedy as some on this forum stating they won’t sell for anything under $1.50. I’ll take 60c thanks Archie.

CDV Price at posting: 32.0¢ Sentiment: Hold Disclosure: Held
4 Upvote

0 Great analysis

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