RE:RE:RE:RE:RE:Time for a Teuton spinoff...You have to be careful about pumping the value of the stock if you grind down the premiums left for developer/operators too far, they will never trigger an offer or deal because they can’t find room for a market premium to lock their deal.
Back in the last decent run 2002-2008 it happened lots of times - promising properties that would have interested operators were just over-valued by the market not because they were overvalued against downstream earnings, but because they didn’t leave the kind of upside and cushion for risk the big spenders needed. Exploration properties need to remain heavily discounted. Many’s the slip twixt’ the cup and the lip. So those stocks went into distribution, collapsed on themselves, ran out of money, then the operators stepped aside because prices were dropping and they were tight for cash, the boat had been missed. These windows are gifts and overplaying the hand can waste the opportunity big time. My opinion only.
Maybe better to wait for or shop for an offer for TC, then craft a spin-out transaction to accommodate. And nobody can price the property without more drills, especially out of PS2 and of course getting a firm handle on Goldstorm.
If KK hits PS2 or Goldstorm has some wild high grade zones, and the market loves it, I don’t know, a bird in the hand during volatile financial times might be attractive to early entrants to exit or take partial profits to let different risk-profile speculators step in. Many who are here on account of TC aren’t interested in Dino’s royalty company ideas. I for one don’t see the management structure and expertise in place yet, and the Board is weak beyond belief until I hear an explanation about what the heck went on last month. We could be on the cusp of a worldwide economic malaise that will crush ambitious mining ideas. Gold producers might prosper, you always hear Homestake meantioned during the Great Depression until FDR had had enough and outlawed gold.
I have no problem taking profits and leaving lots on the table for the next customer. Don’t scrape the bottom of the pail, nasty stuff happens down there. Unless you’re Bobby Friedland auctioning Voisey Bay I guess.
Happy days this week! Gold fever building and it does seem to be early yet.
cg