RE:RE:Merge & Acquisition Scenario: And If...
I agree...the KEY item here is the price of gold. This could be the start of a perfect storm of PROFIT for ANX and yes a much higher value for the shareholders. $2.50 to 3.00 is possible for ANX once Goldboro comes online (and that is comparing ANX to Atlantic Gold when gold was $400 USD/ounce less than today!!). Look at the other comparable company I mentioned Pure Gold Mining Inc (PGM - I do not own) and where they are in their steps to production with their mine (50 - 60 cents then bang over $2.20).
What in the meantime does ANX find at Argyle, Stog'er Tight, Tilt Cove, Lower Seal Harbour, Country Harbour...new acquisition? If gold does go to $2500 USD in a couple years...5 - 8 dollars a share could be possible...VERY hard to predict.
This company has so many irons in the fire at present and a LOAD of news to share with us in the near future...sooo much potential
Trying to predict a takeover price in this current gold market is almost impossible...but a nice problem for management to ponder if such a situation presents itself. In a falling gold market companies go for a song, NOT SO in this current market. Management continues to buy more shares and thus have skin in the game. I love the fact that they put 2 drills in Goldboro to do a hurry up offence to deliver results and keep the EA timeline of 2H 2020. Big project at Tilt Cove could be a game changer #2 for this company after #1 BEAST purchase from SNOREX.
Good luck with your investment CA$H