GREY:LRTNF - Post by User
Comment by
tdsbon Sep 17, 2022 3:08pm
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Post# 34969167
RE:RE:Back In
RE:RE:Back Inshelby2, it's hard to say except that Anglogold bought shares everytime Pure Gold did a Private Placement to maintain their position. Smart investors should be scooping up some of these ugly ducklings so called because their share price is in The Dumpster. If Anglogold is a smart company they won't wait too long, at least that's how I view this situation. I would think we as investors would be very lucky indeed if Anglogold allowed Pure Gold to go as high as $1 before submitting a bid, I think anything over 40 cents would get them to make a move very quickly. I'm thinking a takeover offer at 40 cents would see a buyout for 60 cents which is still a 500% gain from where we are today. This would be a crime for many who bought for much higher prices, but it is what it is. CHEERS!