Post by
arh0070 on Jan 05, 2021 10:36am
pgol
Another day another record high .Quarterly results are not due for a while .So the only thing I can think is either drilling results or the Bruner royalty. Canamex is not trading and it would appear to have no source of revenue,before the information was removed it had debts outstanding which required interest payments .The "gold backed cryptos"were backed by Bruner future gold production which is years away .Trevor centroles the company and plays his cards close to his chest so cant imagine this rise in share price is related to either declaring a dividend or buying back shares (though that would be a nice use for the cash flow).So we watch and wait and see what happens and enjoy the profits .
The only other thing would be someone (ie NEE or possibly ELY) buying the Moss mine royalty .This royalty as I have said before would sell for a p/e of 15/20 valuing it around 30-50million which would put a value of a minimum of 30 cents on a pgol share .