Share
12,256 Posts.
lightbulb Created with Sketch. 2400
clock Created with Sketch. 22/07/16
13:46
Share
Originally posted by Kit67
↑
PS: the way I look at things: 42.5 cents now. a discount to MIN's initial price. MIN have a history of increasing their buy in price(s). MIN need to take over EGO to get what they want (for the gas contracts) - 20% shareholding doesn't guarantee anything. 45 cents is therefore their starting price (they have already signalled 50 in their options arrangement). Just a guess as to how high they need to go. Hartleys say 67 is current worth, but that is cutting RGN in half, so its more like 75-78 as a base. Hartley's calcs are based on "wholesale to market" prices too. Worth more to MIN in the hand. So I reckon anything south of 80 to MIN would be considered cheap. Therefore very important for MIN not to ramp the stock by saying anything silly. Quiet = good for MIN.
Expand
But presently MIN cannot get gas from EGO. Even if they takeover EGO our gas production is fully contracted to Alcoa.
