I can list many. Come on....what was our profit the prior two years? This is a cycle...what goes up...now is down...which way will the wheel turn next?
What did Gina pay for her slice of liontown...?? Where's it at now??
what did igo pay for nova?? I knew that be their downfall-mine was effectively depleted by western areas...
seen many a goldies go to their knees post acquisition sprees...
in fact, most commodity t/os end bad, because a premium is paid during the boom/hype periods when the deals should be struck during the lows (now 4 us)!
buying at this cycle low is a no brainer. It ensures success. Weve lost 90% of our mkt cap, crippled when we borrowed to expand capacity. Nothing else. We'd be debt free otherwise. Like any investor who takes out margin than the gfc hits. Shit happens. Cycles turn. This works in every vultures favour....the smart ones anyway....
$1 is a bargain, no matter which way u slice it. So yes, 70c lowball followed by $1++ is my estimate, which board (who rejected $3bn) would take <$1bn now?
CRN Price at posting:
19.5¢ Sentiment: Buy Disclosure: Held
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