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26/10/21
08:02
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Originally posted by Justis:
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Speculation ? "im sure Barrick did their due diligence before buying 5%" Barrick paid $1.2m for 4.9% of try which is just under the threshold of substantial holder status, that is pocket change for Barrick and it was only for a earn in exploration JV on about 50% of mostly green field tenements so not sure if any due diligence was needed. But Barrick may have had more in mind at the time and the JV was a way to get a foot in the door. Barrick may well be doing due diligence now and as some one else suggested drilling few more holes. While I agree it maybe difficult for try to get new outside funding I would venture to say try maybe talking to other parties as a back up in case what Barrick offer/proposal is not the best deal. I have been speculating that Barrick is interested in try as a hole, we know Barrick are very interested in the Gianna shield and Kurouni has all the infrastructure already in place
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just wondering do you think Bitcoin has been keeping a lid on the gold price. We all know gold is on its own as store of value and Bitcoin, crypto in general might be future monetary exchange leader and if that happens the US dollar devaluation, will take that lid off ?