Off Topic I-80 I posted this article by Taylor Dart on the I-80 site. In the article it mentions some takeovers Marathon Gold. I do hold and continue to add i-80 very speculative but enormous potential with changes in the works or buyout merger.
As with MOZ I added when they were beaten down under 80 cents. Now I'm back to high 6 figures and well in the green with CXB. For those with high risk nerves this would include Rick Rule who's buying i-80 gold corp there could be some good upside. They are looking for a Joint Venture and are suggesting a new CEO and managfement is in the works. Interesting well writtne long read from Taylor Dart.
Taylor Dart New Article Seeking Alpha
i-80 Gold: High-Grade Ounces At A Dirt Cheap Valuation
Here is a link or go to seeking alpha.
https://cdn-ceo-ca.s3.amazonaws.com/1jebn4r-2024-09-10%20i-80%20Gold_%20High-Grade%20Ounces%20At%20A%20Dirt-Cheap%20Valuation.pdf
The article is very long, well written. Suggest new management CEO in the works. Compares some takeovers and benefits to a JV.
Final Paragraph
In my view, this is a stock that could trade at a $1.6+ billion valuation in 2027 as a
~180,000 ounce (ca. 7 t) producer that's able to show a path to becoming a 300,000+
ounce producer by 2029 and 450,000+ ounce producer long-term. And even if we
assume 530 million shares in 2027, this could translate to a share price of US$2.80+.
Longer-term, a 400,000+ ounce producer in Nevada could easily command a $3.0+
billion valuation, and for those skeptical of that figure, we just saw a 400,000+ ounce
producer in Egypt (with a significant profit share to the EMRA) picked off for ~$2.5
billion this week by AngloGold Ashanti (AU).
The key to this re-rating is successful execution operationally and a clear plan to
develop these assets with a material reduction in the pace of share dilution. And while
this wasn't delivered under current leadership, this is what has already contributed to
max pessimism and a violent decline in the stock. Fortunately, management can
change and like the impressive turnaround we've seen for Wesdome with fewer shares
sold under its ATM than expected and a new CEO (June 2023), I wouldn't be shocked
to see a similar outcome from a share price recovery standpoint for IAUX.
So, with multiple potential catalysts closer than ever, a depressed valuation and multiple
technical buy signals for the stock in place currently, i-80 remains one of my top-2
favorite speculative ideas in the sector and I continue to see this weakness in the stock
as a gift.
PS
All those negative posters like Metalbrain have been beating this one as well. Some people never see the positives and must have very sad outlooks on life and rewards.