EXPM:HRTFF - Post by User
Comment by
Homestoneon Dec 16, 2020 6:40pm
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Post# 32124693
RE:RE:Fly hi
RE:RE:Fly hiI must have lost my train of thought,I ended my last post with the word the lol.I'll try to continue.The way forward,who knows?Frazer said in his presentation that the goal was to increase value to all shareholders.Not sure about this but seeing as Appian is majority shareholder would they be able to block a lowball takeover?This company is worth way more than the market price right now,though saddled with debt.I think most are thinking in too short terms.Down the road this company has the potential to be worth a lot more than it is right now.They have to continue to get good grades and tonnage and start to show that they can mine and make money quarter after quarter.If within 18 to 24 months start producing 100,000 oz per year ,that's when other companies looking for assets start buying.Especially if the price of gold rises, but that's not a given.There are several companies with deep pockets just waiting to gobble up assets.Long term stay afloat, build value ,then sell.That would be increasing value to all shareholders.I don't think Appian wants to hold this forever, there must be an exit strategy.But at what price? I dunno, someone else weigh in.