RE:RE:RE:RE:Real concernCanadiendave wrote:
I don't understand why you keep saying that we need our financing agreement to be way above market value. Surely we need a financiing agreement that will give us runway to build a mine . . . from which the value of the resource can drive the company. What more do we need right now?
Simple...
The current market cap is ~ C$450M for the whole CRE, not only Rose! What message will it be to the market if the financing is done let's say C$150M for 30% of Rose or C$400M for 30% of Rose which is the above market value? Mind that the $1.9B NPV is only for Rose, not the entire land package that CRE has. So if someone is willing to pay C$400M for 30% of Rose only (or 50%), it will immediately show the market the valuation of the company and the stock will have to gap up to catch up as the enterprise value will be way off from the market value.
But if they give it for C$150M do not expect the stock price to move much as basically the C$150M will represent roughly the current market cap.