Post by
AlwaysLong683 on Mar 29, 2023 5:14am
MOZ Sale Is Probably Best
Anyone think Manson and company will deliver this project on time (i.e., first pour in Q1 2025) and on budget?
Typically a gold explorer will either sell before making a decision to build a mine (e.g. Great Bear Resources), or build the mine, pour gold, and then look for a suitof (e.g. Atlantic Gold). MOZ chose the build it ourself option,
MOZ can of course still be sold in the near future (e.g. SBB in the process of being taken out by BTO), but I assume the acquirer would have to honour existing contracts with contractors, suppliers, etc. instead of negotiating their own. Also, question of exactly how much of a premium a suitor would be willing to offer to say, the 30-day weighted average trading price of MOZ.
Comment by
Inthepeg on Mar 29, 2023 9:06am
MOZ is being bought out daily. The sale began with the pathetic financing and has continues with managed daily accumulation. By the time it's ready for production control will be complete. Our fearless leader tweeted yesterday how good it is to be CEO because he could watch a frigging soccer game in the boardroom. Our dollars at work
Comment by
stockwatcher7 on Mar 29, 2023 11:46am
This post has been removed in accordance with Community Policy
Comment by
metalhead666 on Mar 30, 2023 1:14pm
Buy Artemis...same crew that built and sold Atlantic