Post by
goldman17 on Nov 15, 2022 5:22am
'MGM'..Currently has a mrkt cap of $50 mill..While having..
$26,000,000,00 in their treasury..and 3,,300,000 innsitu ounes less than 400 metres deep..plus too many other valuable items to list here..Their is no liquitity in the junior space..making the urrent price not reflective of rel value.I can assure you Agnico would not accept even $2.00/shr for their position..Lets hope the news coming is good..imho
Comment by
ardbegoil on Nov 15, 2022 7:49am
Agnico themselves have already stated in writing that they think Douay is bigger than Malarctic and they just paid $3 Billion dollars for the other half of that and it as been producing for over 10 years......That would be $15 dollars per share for MGM's half position at Douay.....So you are correct., $2 would be a tad low...lol......best to all
Comment by
Angelique01 on Nov 15, 2022 9:46am
More BS. If Agnico truly thought it was bigger than Malartic they would have bought MGM outright for $100M and not entered into a JV. In order to come to that Malartic 2.0 conclusion you need drill results similar to Malartic. So far the drill results have failed to live up to that potential.
Comment by
ardbegoil on Nov 15, 2022 10:28am
Actually that was Agnicos hypothesis and they weren't basing that on drill results so you are also correct and MGM should be going down from here.....What value do you believe MGM should be at today...?.....best to all
Comment by
Angelique01 on Nov 15, 2022 9:37am
That's load of BS. As per latest presentation they have $15.3 million in their treasury. PS.Hey GOLDMAN How are your other stock promotions IMIN, FANS, BETS and TBLL doing? Down to almost zero.