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Joebear

2,303 Posts.

147

05/01/24

10:16

Post #: 71737375
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Originally posted by coto: ↑

Yeah, a few months ago the money of mine podcast lads did mention Capricorn as the best suited company to takeover AUC.

As some have mentioned in here, if the x director has a plan, I think it’s a losing battle. Even if he’s consistently selling his shares and trying to drag down the price to a bargain bid level, he will still need serious backing from at least 3 of the largest shareholders on the register and that will be hard to do. Even if that succeeds, they would then need to hope no rival company like Capricorn doesn’t up the bid. This is inevitable, 4moz in WA gold heartland will be the talk of the town once it’s open on the takeover table. Whether it’s Capricorn or another mid to large cap company wanting to shore up future ounces, there’s no way the x directors plan of a low ball takeover will succeed. The current market won’t let it happen!

The x director would be better suited to wait for a gold downturn, but they aren’t stupid, they know that’s not happening in the current global economic situation. It’s only going to go from strength to strength. Plus time is against them, finalising the property transactions, dfs and project financing are all likely to take place in 2024 and de risks the company significantly. The share price is destined to re rate at some point!

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Gotta look on yhe bright side. Eventually everything will play out and we will all know what happens.
I for one am super keen to see where this goes.

AUC Price at posting: 3.0¢ Sentiment: Buy Disclosure: Held
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