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5.9¢ galena mining limited

I wouldn't sell to early.100mil a year profit, 40% to Toho 60%...

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retire50

263 Posts.

69

13/01/23

17:51

Post #: 65682893
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Originally posted by MIStragic: ↑

The SP rise is on low volume - volume is needed to confirm price and squeeze SP higher. No evidence yet of an institutional stock rerate.
As G1A only owns 60% of Abra, there's no takeover premium in the SP, so expectations of 50c let alone 100c are unrealistic IMHO.
If exploration uncovers some Abra clones, then a TO premium would be created.
Petra's analyst has a 44c SP target .... which assumes perfect commissioning in a lead friendly market.

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I wouldn't sell to early.
100mil a year profit, 40% to Toho 60% to G1A = $60mil a year. even at a low 5 x EBITDA that puts them at 55c....
Then if the give even half of the 60 mil profit in dividends that gives a 5c per share dividend. Now that gets me excited for the next 18-30 years.

Last edited by retire50: 13/01/23

G1A Price at posting: 28.5¢ Sentiment: Hold Disclosure: Held
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