Post by
miningfundi on Feb 19, 2024 2:34pm
Interesting time!
On Thursday, February 22, Newmont will release its 2023 4th quarter and annual results which will include the Red Chris updated Mineral Resource and the Red Chris block cave Feasibility Study. These technical reports may not result in an immediate sharp rise in III’s share price, but they definitely will provide solid evidence of Red Chris’s value and, correspondingly, III’s value. So soon we can expect a) Newmont’s bid for III’s 30% interest in Red Chris or b) ME’s bid to privatise III or) a 3rd party mining company’s bid to acquire III. Interesting time, enjoy!
Comment by
egss on Feb 20, 2024 4:05pm
Bought more in anticipation!
Comment by
miningfundi on Feb 21, 2024 11:59am
Yes, "Anonymous" has been furiously dumping III shares recently - good time to bulk-buy. But why the dumping by this "broker". It cannot be shorting at these depressed share price levels, does it know something bad that no one alse knows - doubt it, or simply clueless? Let's see what tomorrow brings..
Comment by
egss on Feb 22, 2024 2:27pm
Update kind of watered down wish it had more info but lookking at cu production looks like it will increase a lot and with block cave geting closer to sweet spot may be good news ahead, plus Mt Pooley looks not bad.