Post by drunk@noonon Mar 27, 2025 2:02pm
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Post# 36512227
AlfT : Given the market cap and $3000 US gold, I can
AlfT : Given the market cap and $3000 US gold, I canlive with the stupidity, it's the sleaziness factor, the fact this other company owns 55% of the shares and intercompany loans ect. That's what I am worried about. I can't resist taking a small position and would love to increase it. At 80,000 oz anuallized run rate--even if they had to buy 65,000 of it--- with an aisc in the 1300-1400 range-I know they are guiding for lower, but..... AND even more importantly the second phase of the ATO is suppose to take this up to 140,000. That would leave them at 1-2 times cashflow even after royalities and taxes. But can we rely on this? Can we rely on execution, and that the resources/reserves are there? Is there some risk of this majority owner snatching away profis etc.Years ago, when I first followed this stock, there was alot of warning about the company. I am not saying there is funny business going on, but who knows. Anyway, it's about risk/reward, take a small position and see how it plays out.