RE:RE:RE:RE:RE:Valuation and Who is Buying at $3.51?it is flat maybe because gcm assets are already discounted down to zero, segovia 200k oz/yr production priced at $0, aris and denarius shares priced at $0, and fully funded toro with npv of us$800 mil @1500 gold is priced at a huge discount of us$265 mil, while dividend is 5%.
profittaker1 wrote:
I was doing some research and 5% ownership is the threshold that would need to be passed before ownership is disclosed by any stockholder. The requirement is within 10 days of passing 5%. Looking at the volume, 1,576,471 shares have traded over the last 6 trading days as we have mostly traded sideways between $3.44-$3.53 with a few sold off rallies. That's around 1.6% of the total float. Assuming not every share is being acquired by one player, we could trade in this range for another month before a position would need to be disclosed if one buyer is prinary buying all these shares. Patience will be key, being flat is much better than dropping like most gold stocks right now. I like what I am seeing.