For myself, I hope this deal fails.
I'm prepared to hold and take my chances with the Eritrean political problems, as i see much more upside ( and exploration upside) in getting to production.
Best you'll see at this stage is perhaps 50 cents/share as an offer ( pretty significant premium on the recent SP), but nothing like the premium in 2 years as a gold producer, when it could be $2-$4 per share.I don't think thats an exaggeration, but it comes with risk.
Yes, its the long view versus the short I know, but the predator is buying precisely because of the inherent value as a producer.
For myself, I hope this deal fails.I'm prepared to hold and take...
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$1.36 |
Change
-0.005(0.37%) |
Mkt cap ! $527.0M | |||
| Open | High | Low | Value | Volume |
| $1.39 | $1.40 | $1.34 | $5.839M | 4.267M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 57927 | $1.35 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.36 | 19937 | 1 |
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