Post by
shiftyone on Sep 07, 2023 3:43pm
my concern about buying and waiting for a buyout
My concern is that they might not even be able to sell the company if they wanted.
Mine startup costs are we have no idea. They were studying that back in the new year and still no answer given.
If the start up costs have ballooned to $400 million for basically 1.4 million ounces. The company is in debt for over $20 million us plus.
Who would ever buy this project? Times are different now.
So would someone pay $50 million US for a company that has such a high start up cost?
Subtract the debt and closing costs. Management severence.
We are down to about $0.10 cents a share, if someone would pay $50 million Us.
I don't know if you can find anyone to pay that .
Unless they prove up the resource. Make it really exciting. Too bad they wasted all that money over the years instead of drilingl
Comment by
specky on Sep 08, 2023 9:03am
Patience is a virtue! Buy and hold can be tough at times. Not suggesting that anyone sells signal at these crazy low prices. If you are a gold bug though and diversify look at NRN nr on what they could be on to and drilling started. Could be exciting