RE:RE:Fundamentals....onetok wrote: Thanks akm3736 for the update. The TGZ CDI is listed on the ASX and the listed junior gold miners here and in GDXJ are getting the same treatment as TGZ. The SP treatment is not exclusive to TGZ. There are quite a few opinion pieces about the GDXJ changes and if wish to remain a shareholder, I need to work with it. There may be more SP downside as June 17 is D-day but as with a lowering gold price, I continue to be a buyer. I believe the company is sound and is managed well. If the SP continues to take on water, the $100m cash in the bank and the biggest shareholder will be the best defence against an opportunistic takeover. Just my thoughts. We live in interesting times.
$100million cash is definitely insurance against takeover. I could see edv going hostile or some of the big boys that gdxj will be adding who could raise funds by issuing shares to gdxj.
Crazy crazy situation!!!