Market is pricing post issue sp of approx 10.5c. (35c for 1 share gets you 7 more at total of 49c so average price for 8 shares is 10.4c)
factoring in a mkt discount (mkt buying now thinking entry at 10.5 is at a discount to post issue sp) I am expecting sp will trade post issue at 10 to 12c while traders exit and then climb to represent a mkt cap based on the 500k ounces of somewhere more like $30mill. Sp target 20c+.
Anyone like this thinking?
If so is the best bet to hold off (or sell now!) and get set post issue at 10c while everyone is dumping? At least I will know what I am buying!
Thoughts?
The thing is i really like the Mali assets. Great gold hunting region.
CLN Price at posting:
9.0¢ Sentiment: Buy Disclosure: Held
