RE:RE:Predictions for this week?I put the following out on Apr3rd and would appreciate any others insights or estimates that may support or counter the viewpoints. Really just trying to understand if there are some material items I may be overlooking.
From apr 3rd.....
just revisited Robin's interview with BNN on March 15th (link below). He was specific in that he is looking to maximize shareholder value when asked about possible dilution. Also noted was the comment that they are actively working on the Definitive Agreement(s) and eluded that he chose to limit GSFC''s offtake to 56% for a period of 20yrs, rather than allow a fully committed supply contract to India. It seems Robin believes the high purity aspect of the product will fetch a premium locally (N.A.) for industrial demand. This makes total sense given the nature of supply is generally limited to lower grade. This is a tightly held company and obviously a blackout period is in place, so we are at the whim of retail investors patience, which is akin to a toddler in today's stock market. Taking candy from a baby, if you will... There will be a lot of pent up buying interest from insiders once the Definitive Agreements are announced. The leverage of this project is immense, and warranted, but it just means the equity float just won't be enough to go around once institutions start stepping in. Right now its wait and see, risk off, show me the money attitude in all commodities markets. To answer your questions(s) The definitive agreements/AGM timing will be the next announcement, and this could happen by anytime between now and mid-May. I would guess share price is dependant on equity structure. If its dilutive (low prob based on Robin's comments on BNN), then $8.00, if primarily preferred share issue, then $14-$16. Upside still exists due to Mg and land explorations spinouts. Remember, this was a 20+ target with the same economics (FX and input cost benefit) a couple years ago. https://www.bnn.ca/Video/player.aspx?vid=829064