RE:2000 in 2020 vs 2000 in 2023 Just my observation comparing three companies briefly. This post is more related to Marathon then others mentioned and in NFLD. Of the smaller Au companies I hold or watch, there are 4...There is a disconnect between the Au valuation and the share prices. In time this will change as leading Jr's come near to producing or increasing reserves. I would view this as an opportunity to add..just my opinion? While mergers are not a hot topic only speculation and insiders for Jr's like Moz and SKE, IAU and Augusta are not on an insiders buying frenzy the only two I view with upside at this boring time in the cycle are MOZ and Augusta. They all need financing to build and that won't come cheap and will incur dilution par for the course.
MOZ has it in place with potential to grow the resource and slowly ticking off the boxes albeit dilution has hit a blow to retail shareholders and likely happen again and not just with MOZ it costs and the past where takeovers happen occur with due investigaton. From what I see there a new companies staking ground around NFLD and close to NFG and MOZ.. A very Good sign the area can host new mining projects with future cooperation perhaps joint ventures,mergers? I looked at insider trading for these companies with the exception of IAU,, MOZ has no insider selling, SKE does and IAU buying on a recent acquisition but in my assumptions IAU need cash injection to complete the build out so does SKE.
I'm not trying to say one is better than another we are in transition,,, it is just the fact there is no credibility to Jr companies at this point in time, no matter what the assays say, what future production may or not be. That will change and $2000+ plus per oz gold makes some of the junior companies both viable and potential merger takeover candidates as we get out of politics,bank faliuers and inflation with interest rates likely to drop. Except in my view inflation is here with pain.
Have a nice weekend perhaps news after hours or on Monday?