Lesson Learnt/Haywood researchLesson Learnt Again! No more stock price predictions.
But look out Monday!
On another note, someone passed along a part of the Haywood target adjustment/research report. Much of it is what we already know, however there were a couple things within that were interesting.
One of them was that in their opinion the Net Asset Value Per Share (NAVPS) rises at a 2 to 1 ratio with that of the price of gold. So if the price of gold goes up 10% (or down) then NAVPS rises 20%. Obviously we know this is not perfectly correlated but it should give support somewhere to the price of the share as gold has risen here.
A second thing they run through is a proposed option of putting the property into production. Basically they show how this can be done through an 80% debt/ 20% equity offering with a less than 3 year payback period. This is one possible option if the property is not sold.
Lastly, they do say that Mansfield is a "prime candidate for acquistion by an intermediate producer".
Well we could have told them that.!