RE:RE:RE:Relentless Selling ExplainedAgree Marben
Adding here as well
In the end, all stocks are supposed to be valued based on their discounted future cash flows.
I know of very few stocks that will be throwing off this much cash, going forward (assuming gold holds $ 1600- $ 2000)
Everything in between is noise and mis-pricing (too high or too low)
Teranga was fully valued (I road it from $ 3 to $ 15 in the past two years and would say they got fair value in the merger). EDV's big run was 2016, but arguably a bit below its FV at $ 28 - $ 32 (pre SEMAFO and Teranga mergers ).
Going forward, (1) synergies, (2) a lower cost of capital (able to acquire and use it's own stock to acquire future oz's if required), (3) lots of organic growth opportunties, will give the combined entity a huge boost. Shareholders will just have to be patient...until the market figures it out and the PoG co-operates.
In the meantine, grab a chair, read a book...whatever...we are going to $ 50 +. Free money, even allowing for the time value of money (unless you were going to invest in Gamestop)
MM