re: Ann: Revised terms agreed with ENAMCO for... CHN won't go to 15c.
The stock is a decent buy. I don't see why the sale won't get done: mgmt knows it's properly stuck.
Mgmt CAN develop its other assets, though, in Eritrea. We're talking specifically about Koka being forced from their hands. However, the other assets in Eritrea may not be economic, and it's going to cost another $10-15m to know for sure AND another 2 years of time.
A decent strategy is to buy these shares on a "dark" day and sell on the news of the sale closing: I don't trust mgmt with my money.
M&A in gold is very costly and risky, these days, and with this mgmt, I highly doubt any deal they do will prove accretive.
I pity the sore losers taking out their incompetence on me... pathetic.
Ann: Revised terms agreed with ENAMCO for sale of, page-23
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$1.34 |
Change
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Mkt cap ! $571.8M | |||
| Open | High | Low | Value | Volume |
| $1.40 | $1.41 | $1.33 | $2.161M | 1.585M |
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| No. | Vol. | Price($) |
|---|---|---|
| 1 | 18387 | $1.34 |
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| Price($) | Vol. | No. |
|---|---|---|
| $1.34 | 3757 | 2 |
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