I notice in their presentation that the first 2.2 m ounces will be sold to Red Kite. Is this standard practice with debt facilities in the mining industry?
Just my guess. The best news that is possible has already happened. Profits on the moon, load capacities great, fuel the cheapest imaginable. Buy backs galore. Everything is absolutely perfect. With or without the market this thing should already be trading at new highs.
What can be the catalyst to send this up? Sorry, but I'm selling (could that be the catalyst?).
I agree that this is the stock that has the best fit for numerous tech companies. Now that price depressed it is a great value. Does anyone have an idea as to what a potential take out price might be?
Beware of squandering the cash (our cash) that is on this balance sheet. Stockholders will be watching your actions closely. You can't execute your business decisions well, you surely can't make any acquisitions that will make sense. Return some cash to shareholders.
Any self serving (for you) overpriced acquisitions will involve lawsuits against you.