Interesting! What do you see as 'some upside'? Seems like this...

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jvdke

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17/04/22

03:50

Post #: 60884581
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Originally posted by larrygerry: ↑

It was just speculation...... regardless of a buy out or buy in.... MJ needs to value the project.

The question is at what price is an equity partner willing to buy in with the risk of a project 3 years out?

My thought process is that the equity and EXIM, as we know, are interlinked. The reality is, will an equity party pay a premium for a minority share of a project 3 years out? Or will there be an offer on the table which 1 of the top shareholders or Bacchus say is enough upside to sell out of the project?

I understand that the narrative is nicer that we get to production, but there is a sobering reality that some shareholders have waited a decade or more for a return.

On the pragmatic side, none of us understand what Bacchus has advised and what the attentions of the management are. Do they really want to run a mine?

I still think if you have bought in sub 4 cents you will get some upside. So having bought 500k shares at 2.4 cents, I am very comfortable which the progression of the investment.

The speculation is what is the current value of the project..............I am very open to be wrong, wishing you all a safe and happy Easter with family and friends.

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Interesting! What do you see as 'some upside'? Seems like this isn't going to be done away with for a quick buck, but rather for something which is quite a lot more than some upside!

IBG Price at posting: 5.0¢ Sentiment: Buy Disclosure: Held
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0 Great analysis

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