RE:RE:RE:GOLD IS KINGAlwaysLong683 wrote: goldenrivit wrote: Yes and so is grade SBB has 12 million oz grading 6gt and is in Barricks cross hairs. NFG is miles behind the fully permitted under construction and fully funded Goose mine.I expect a $3.50 take over before the end of this year.......
Here's an alternate theory re. SBB's future:
- SBB doesn't get taken out by the end of this year, and if they do, does not get anywhere near $3.50 or more per share.
- SBB's mine build costs go over-budget during the next two-and-a-half years as the inflation that has taken place after they calculated their $610M mine build estimate causes them to "adjust" this estimated cost upwards, perhaps on multiple occasions.
- Neither ABX nor any other potential acquirer even considers buying the company until after SBB starts pouring gold from the mine they decided to proceed with building, unless of course a buyer can acquire the company at a rock-bottom price, which likely wouldn't result in much of a profit for existing SBB shareholders. GBR had no resource estimates and no permits and their shareholders did very well when it was taken out. Looks like you are hoping for the same type of score, but your company decided to build a mine and are locked into financing, streaming, and contracting agreements that any suitor will have to assume. Like I stated before, I suspect potential buyers would have preferred to acquire SBB either as is or perhaps after the resource estimates, but certainly before the mine build decision and contracts were in place. If the company isn't sold by the end of this year, are you still going to hold on to your shares - i.e., are you looking for a quick payoff, and if you don't get it, bail and sell your shares...?
P.S. I welcome posts concering other gold companies on this BB as they may provide readers wtih new ideas to consider. However, you post the same stuff over and over again unprompted. You are not adding anything of value to this BB, and if you keep doing it, you'll join other people in my ignore list (you may be on others' lists already...?).
Again, let us know when a press release is produced announcing the takeout of SBB. If not, either add new info to your arguments, or be ignored (by me at least).
I completely agree with everything you just wrote. So much potential you have and by far the brightest of this bunch.
Really too bad youre an arsekisser with nfg.
Willie