OTCQX:CGTFF - Post by User
Comment by
BullStockingtonon Dec 09, 2017 2:51pm
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Post# 27124167
RE:FG Long Term - Nevada Short
RE:FG Long Term - Nevada Short123 - I think that's an excellent summary of what the future could hold for both Montagne D'or and Allegiant. Just to add my $0.02 below:
Montange D'or - Agree with your assessment of CGT's position here. NG is smart and knowing they have a chance to take advantage and get our 45% at a discount I think we'll see an offer soon after the Dec 18 construction decision before anyone other significant positive catalysts that would increase the price they'd have to pay. Based on our position as you described, where are share price might go after the spinoff and the premiums NG has historically paid to buyout partners, I'd be suprised if the offer is more than $0.80 USD/share. Unfortunately, I think a lot of our impatient and frustrated shareholders with a short term "bird in the hand" outlook will see this 20-40% depending on where the sp is at the time premium as a good deal and the offer will be accepted, even though holding our share is better in the long run as you said.
Nevada - A bit concerning they only managing to raise $4m in the PP but this might spur them to try and show some good results from Eastside and Bolo quickly and package them off to a producer in the area for a quick pay off, however depending on how the financing in Jan goes and the drill results, producers might see that our cash and thus options are limited, which would negatively impact the generousity of a potential offer, (although still a substancial premium to what the market is pricing it at currently IMHO)