RE:RE:RE:Interesting upcoming week
Last time I looked there were about (or expected to be) 110 million fully diluted shares. That comes out to about $9/share.
Douglas Belanger has been saying for years that the award money would be taxed at about 15%, so that puts us at $7.70/share.
That's with the full $1 billion, which won't be in our paws until next summer. Hopefully.
I'm not flaming anyone. I'm not giving my opinion. Those are known numbers. $20 just is not a reasonable number, based on a $1 billion reward, unless a bunch of buyers all try to buy this little, illiquid stock and bid the price way up.
Remember, too, if GRZ ends up getting any of those payments from Maduro, it will be distributed to share holders and won't reflected in the stock price.
The eventual value of the stock will be based on the market's belief a gold mine will be soundly financed, professionally built, allowed to operate like it would in any other country, and that Venezuela starts playing fair with its foreign guests. I think many people are very skeptical all those things will happen. Rightfully so. Thus, it's currently a $4 USD stock based on hope.