I actually sold down some and took some losses. The virus has...

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stanley1980

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48

31/03/21

13:43

Post #: 52173035
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Originally posted by DairyDonkey: ↑

Agreed, I would expect the Covid situation to hurt them by at least 2-3months on plant build but shouldn't be more than six months. I don't want to keep harping on but at 28c their market cap is $146mil against the ~$170mil they have in the bank. As a leveraged play for the gold price that provides significant safety margin. On a cash burn basis a six month delay shouldn't cost them more than $3-4mil tops.

At this price the take over risk has to be getting pretty high - I mean someone could offer a 60% premium (45cps) and fund the entire thing by 40% debt against the $170mil the company has in the bank. A good bolt on for a mid-tier player wanting a cheap asset adding 100,000 ounces/year with upside.

I'm more overweight than last post... this will be my first time breaking the don't catch the falling knife rule... hope its an exception. Again, if the facts don't change, I don't think I'll be able to help myself re not buying more....

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I actually sold down some and took some losses. The virus has really gone parabolic in the last couple of weeks. And we already know there is no way to stop that other than extreme lockdowns or widespread vaccination, which won't happen in PNG.
So it's quite unpredictable how bad it will get.

GPR Price at posting: 28.8¢ Sentiment: Hold Disclosure: Held
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(20min delay)
Last 2.3¢		Change 0.000(0.00%)		Mkt cap ! $73.19M

Open	High	Low	Value	Volume
2.4¢	2.4¢	2.3¢	$5.02K	213.9K

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No.	Vol.	Price($)
6	1072681	2.2¢

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Price($)	Vol.	No.
2.4¢	121257	1

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No.	Vol.	Price($)
6	1072681	0.022
2	123850	0.021
6	2981450	0.020
3	775000	0.019
2	1050000	0.018

Price($)	Vol.	No.
0.024	121257	1
0.025	458573	2
0.026	655830	3
0.027	1385000	2
0.028	7236	1

Last trade - 14.34pm 18/06/2025 (20 minute delay)

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