RE:Columbus Announces $1 Million Private PlacementImagine with CGT if the permit was already in hand (i.e., France having given mining in FG the go ahead even with restrictions). NG then comes out with the new unreleased infill drill results from around last March 2018. CGT announces to what degree it will fund its 45% of the mine build. Projections on cost v profit v in ground value v share price equivalent start to occupy the news. This does not include mention of anything positive on the two other sites taken on (+ beginning suggestions of a possible spinoff).
Even an attempted buyout by NG would add sizeable noise to CGT; especially, if they refused (maybe added a white knight investor IMG has about 12%v already) leading to a real focus on the inground value of CGT vs. premium buyout.
France is clearly not in any rush to face these mining decisions with all the green politics in France and FG involved. NG may, likewise, not be either with their other projects doing well. However, one might argue that if they want to go public again, particularly, in a gold upswing having their FG project at least in the permit confirmed phase may allow them to gain further company value. More speculatively, going into a public offering with millions in extra cash from a FG permit sale to another major may be of even more immediate public offering value to them.
As has been said
“The good speculators always wait and have patience, waiting for the market to confirm their judgment.” - Jesse Livermore - Or, “they could also die waiting.” - 123 GLTA -
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