RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:Cynthia’s post on LinkedIn today 1,000,000% agree with Fatlas
fatlas wrote: Here's my take - based on our .44/share - $11/oz closing price on Friday...
If matlas is correct (and I hope he is) then we will see some version of $350/oz realized in the near term - a full 31x from here. That's a big win.
If goldeni is correct then we are either in for something like $150/oz in the near term (14x from here) or $350/oz (31x) in the medium term.
Why on earth would you sell something with that kind of return potential?
These kinds of multiples being available on this stock tell me a few things. 1-There aren't as many small cap stock investors as their used to be. 2-Those that are left seem to be misapplying risk lessons learned from other past bad exleriences in the sector from poorly or quenstionably run firms. 3-They don't know or know of Cynthia and her sterling reputation in the industry coupled with her straight as an arrow and hard as nails management style - keeping costs to a minimum and completely avoiding all of the Bay Street gold exec lifestyle and promotion expenses - and as a result fear this thing going to . 4-They don't appreciate the strength and comfort of owning shares in a single share class company where we literally own what everybody owns.
I assess the delisting risk at zero. I assess the 'no gold there' risk at zero. I assess the risk of gold not being in sufficient demand to require a senior to come and buy it at zero. This thing will sell - for a lot more than .44 / share. How much depends on Cynthia and her team's work to explore the Ishkoday and building the data room. Every day that goes by let's them do more work - create more data - and the fact that they are continually 'enthusiastic' with the results tells me everything I need to know about it. And every day that goes by let's then bring the story to more and more potential buyers - the details of which work we just don't get to know. So we can't know when - but we do know they want to sell - for as much as the property is worth. Handling that is in the hands of our CEO and I can't think of anyone better to entrust that very important work to.
I see zero risk in this ultimately happening - only price volatility as people negotiate the terms of their immaterial additions or subtractions to their positions - and an unknown time to maturity. Next week? Next month? This year? Not sure. But if you take what I believe is a more accurate view on LME risk specifically and compare it to the returns available?!? I come up with much more than .44 or $11/oz.