I-80 Gold Corp T.IAU

Monday

[Ridgeback]

05.01.24 Buy Maintained

Analyst Peter Bell

PETER BELL

Canaccord Genuity

3.5 star rating

$5.50

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We'll see what if anything happens Monday? Perhaps even by the end of today's trading.
Good Luck!

[Dormie18]

That $5.50 is a $0.50 price target cut from Bell, not that it's too significant at this point, but, he says: "Recent financing's temper liquidity concerns The company has recently taken steps to shore up its treasury with ~C$137 in equity financings throughout Q1. Given the company’s 2023 year-end cash balance of $16.2M, the additional funds provide much needed relief to the company

[NineLives]

I quote " we believe the company is now funded for the remainder of the year "  I should hope so, more like well funded for the next 3 years if they ramp up production to assist continued exploration. They either slow the burn rate down or start producing more oz's. There's no reason they can't produce at least $24 mill net profit from operations per annum with Gold

[Ridgeback]

Got my voting information Friday. What am I expecting today? Zip,nada,zero,nothing or a miracle they annouce a JV deal? AGM a week out so we'll see if there are some good assay results and what they intend to produce in the cooming months?

[Foshay61]

I-80 (and previously Premier) generally saves news for their shareholder meetings.  So it might be an interesting day.

[Ridgeback]

Companies can't and do not with hold material news for the timing of markets...... Q - report is due any day now perhaps end of today?