Article So much for any of you hibernating until the buyout is announced. 8-9 pages of posts in two days.
Nice article but just horn tooting by Global I feel.
As Matlas pointed out $4-8 wouldn’t pass fairness assessment IMO
Ahsineeg, what have you been mixing in your KoolAid? That’s one weird way of thinking.
Do you really think this is like a portable mortgage that the new owner acquires. Just incase the buyer is tapped out after paying $5B
But, this can all be something arranged so that buyer can confidently acquire knowing that financing is in place to build the mine.
A mine costs about $1B to build not $150 million
See Equinox: October 27, 2021, Equinox Gold released an updated construction capital estimate of $1.23 billion
- $125 M for the mining fleet, of which $53 M has been leased to reduce upfront cash spend
$150M and another $150M wouldn’t be enough
Cynthia might want to have a role in further exploration with the new company but I strongly doubt she plans on building the mine and required facilities.
To help me sleep I still believe the SC and FA Global were formed to negotiate the deal NOW.
The price has been hammered by weak hands and day traders. Dropping 30% on such low volume. As Dean Wormer said 0.0 Actually 0.01 percent of the shares were traded. When a 5000 share trade at market can swing the price 5% it's not worth commenting. Just wait until the next round of buying as no one is panic selling. Just look at the low volume of Asks.
No back to your regularly scheduled posting.
Cheers