Post by
Supertweety on Dec 22, 2021 11:55am
Nothing but Value here. Remember July 2021
Remember in June and July when everybody was waiting to hear Stillwater's decision on buying back into the mine to own 51% and easily financing the mine ? The stock price was at a high of $1.20 with expectations of GENM ownership dropping to 49%. Today GENM owns 100% of the mine, and is proving they will easily finance the mine building.
Comment by
Supertweety on Dec 22, 2021 11:59am
Accidentally hit post before I was finished typing. ment to add: By my logic GENM share price should be $2.40 soon.
Comment by
Rainyday on Dec 22, 2021 12:15pm
Good point - but if about 10% of the project (see my earlier comment) is worth $240 million the stock (even net of capital costs) has to be worth more more than $2.40 - more like $7 / share (see Mookster's analysis earlier with my interpretation of his figures)
Comment by
Supertweety on Dec 22, 2021 12:41pm
Yes. The Big Question ??? What idiots are selling at this low price ? The stock is Gauranteed to be $2 - $10 in the very near future...