Is Caldas a buyout target?
I posted this on the Caldas board in answer to a question whether Caldas would be a Buyout target.
Interesting question. If Caldas is successful, the amount of gold added each month
will be multiples of what is produced today. IMO the stock could easily reach 3 to 4 times
the value of today's number of around $3.00 . I don't think Gran Columbia is interested in selling, but if it was I don't think it would let it go for under $6.00. A $6.00 sale of around 55,000 shares of Caldas would give them
enought cash to go private and let them devote their energy to at least three of their other plays.We
will have to see if the Caldas halt is significant and if it is good news. At this stage the only bad news
I can think of would be related to Covid and that would only slow this play short term. Don't think any major is accumulating as all they have to do is take out the 53.5% from Gran Columbia and they are in control.