Nice anlysis but as you will see over the next 7-10 days you are 100% incorrect. This will not be a rights isue or will it be funded retail. Its corporate and it is likely o surprise us all in terms of its pricing. The word is an overseas group will pay a premium to secure control.
The broker presentations are just to one of the best stories going around out.
IRR on the Fiji asset based just on the initial 480,000 ounces is believed to be above 30%.
By all means keep your powder dry until it all gets finanlised but but dont expect your traditional sub market issue which pulls the stock back. Expect a corporate deal that once in place, not only funds the company going forward but is at an excellent price and will lock away the stocked issued. The result will be a hot rally driven by a very enthusiastic brokers who have been darn impressed with story.
Tipper
AMG Price at posting:
0.0¢ Sentiment: None Disclosure: Held
