RE:RE:RE:RE:Conviction…..Excellent downside protection and serious upside potential today !!!
The second half of 2021 WILL BE very financially rewarding for Generation Shareholders .
If Sibanye steps up to the plate on or berfore July 21st and offers Generation Cdn $ 231 million for the additional 31 % , then Sibanye puts 100 % to be worth Cdn $ 745 million . Straight math !!!
Then 49 % of the property for the Generation Shareholders would be worth Cdn $ 365 million.
Then each of the 140 million shares outstanding would be worth $2.60 a share . STRAIGHT MATH !!!
If Sibanye sticks with their 20 % of the property and 11 million shares ( 7% of the shares outstanding ) , then at only about $ 1.00 a share , the Genaration price per share should quickly go above the high end of day trade of $ 1.20 a share and rapidily run to test $ 2.00 .
At about $ 1.00 a share today , there exists substantial near term , mid term and long term Generation price per share UPSIDE OPPORTUNITY !!!
Also , nice to see the Palladium Price Per Ounce recently bounce off $ 2,400 Per Ounce to $ 2,574 Per Ounce !!!