Post by
Notgnu on Aug 23, 2021 2:02pm
Here is what is real >>>
1) Pala owns 40% and is just riding this out until the almost finished mine is finished.
2) A small percentage of the float (my guess is 1% to 2% of the float... 20 to 30 million shares) is being traded down out of understandable disappointment.
3) The price today does not even represent the value of the resource even if it did not have an almost complete mine in and on top of it.
4) A great deal of the borrowed money being spent is going into expanding the infrastructure and it will be repaid quickly once that long awaited production commences in earnest... and it will come despite the delays.
5) If copper were $2.50 and thought to stay there, this project would be toast but at $3.50 plus this is a massively undervalued asset despite the price setting being done by a small contingent of share traders. At $4.50 and above and 280 million pounds per year at $2.00 cost ...pffft, you figure it out.
6) A strategic deal on the open pit or on the whole project is highly likely. This is just the way the odds stck up IMO.
7) Buy shares and win. Fcckkn simple.
Cheers and have a great day,
Notgnu
Comment by
Fishbillion on Aug 23, 2021 2:08pm
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Comment by
aurens on Aug 23, 2021 4:42pm
Thanks Notgnu... It has been a dreary drop from 30..With some tedious holding now until it gets back up there .but all the real Data supports your thesis.and detail.... I don't get the bashers...why do they bother bashing ?
Comment by
Fishbillion on Aug 23, 2021 5:00pm
This post has been removed in accordance with Community Policy