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Allied Nevada Gold Corp. Message Board

simonkim118 1 post  |  Last Activity: Jun 24, 2014 8:19 PM Member since: May 3, 2011
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    Announcement Today Isn't Going To Help Us

    by jheidt31 Jun 24, 2014 6:43 PM
    simonkim118 simonkim118 Jun 24, 2014 8:19 PM Flag

    ANV is biding its time to get the best arrangement. Remember, management owns freaking 8 million shares that were once worth $300 million. They want the best arrangement for shareholders, and they have the time, cash flow, and enough cash on the balance sheet at the present price of gold to get the best offer possible. So, ok maybe they lose out on 50% of Hycroft, but retaining 50% with financing in place and a much higher probability of getting a $20 future share price is better than a low probability of seeing a future $40 share price. Also remember that at higher prices of gold, the reserves go from 25 million Au Eq to 50 million Au Eq.

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