GREY:NMKEF - Post by User
Comment by
mick1888on Oct 08, 2019 7:49am
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Post# 30206442
RE:shifting odds
RE:shifting oddsGood call on 95% matG - but I think the reason is more scientific than 'always happens'. More to do with the lack of clarity on the Bonds ($350m) and how this is going to be replaced. And whether the Streaming can proceed under the current circumstances?
What is for sure is that ALL the funding is up in the air, BUT at least the project is in construction and it will go into production regardless of who the owner is.
The question is how to stay on board, buy today, or wait until the dust settles?
GLTA longs
PS Great Ride.... ;-)
materialsgirl wrote: It was about a 95% chanc that the October deadline would not lead to a conclusion.
The odds were based on the fact that delays like this almost always happen.
Now about the December 31 2019 deadline.
A reasonable guess is that there is a 50% chance that a deal will be done by then.
Also a 50% chance of a no deal.
A deal could mean one of two things;
1 deal as per the original published conditions
2 deal at a much lower share price; 20 cents, 18 cents 15 cents?
Tax loss selling will be brutal as others have stated.
Bids at 15 cents may be filled in late November or December.
mat