At Cowbell
You are certainly not correct. Where is this stated? Where is this information from?
It is not true and therefor is moot.
HOWEVER.
Even if you are correct and we are able to IPO. The SP is $1.22 - and you want to sell the asset, or, half the asset. ROFL.
We need two years to decrease the share registry to below 200m and increase the life of mine which is where the value will come from.
At Pat07350
If a share is $3 what on earth makes you think you can sell it for $6. Seriously. Come back to earth.
As stated above. We need time to increase the value of this share. Sure, goldmines sell at a premium but it will be a premium on what we can get it's value to over time.
Drivers are, Shares on issue (less is better.) , AISC , production of ounces, Life of mine, Gold Price , profitability, Political outlook, Management competence (less so for an outright sale), etc.
So, if the share price is still low after buying back 50m shares. Say $3.5 at 210 million shares. Then you wait another year and buy back more shares.
Perhaps $5 at 180 million shares?
Then you sell.
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At CowbellYou are certainly not correct. Where is this stated?...
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