Franco-Nevada Corporation Message Board
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bunch of morons running the company
In my opinion, they just threw away 1 billion dollars.
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fnv are not interested in prices today. they are interested in priced 4 years from now. so the pan deal actually is very smart move for many reasons. gold prices for the comming 6 months will be negative. after that we are climbing towards up up n away :) this deal has ALOT of positive things with it not for all to understand but wait a year and youll get the aaahaaa reaction :P
Sentiment: Hold
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Weird reaction to 'throwing away' a billion dollars...stock is up $3.
Hunh. This 'investing' thing seems complicated. -
very strange deal.. they took all of their cash for this, they left open room for a buyback, they arent going to be making more than 10% on the money with todays prices, and yet they are taking alot of risk. Something doesnt sound right here, but maybe there is more to it that we dont know.
- 2 Replies to fruit_rat
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and if I heard them correctly, they said they were discussing this off and on for the past 3 years???
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What happens if the costs continue to escalate?? Maybe they need another billion or two, where is that coming from?
Look at what happened with Royal Gold and the Mt Milligan royalty. The operator sold a piece to Royal Gold and they keep running out of money and Royal Gold keeps writing them more and more checks. Now Royal Gold has 52.5% of their payable gold. I still think Royal Gold is going to have to write them another check or two.
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