what do you make of that if anything? Poor preparation on Nordgold’s part? Just unlucky? Situation normal in these cases? Maybe a bigger commitment to come? Or suck up the expense?
I thought the delay may have been due to Auspost snail-pace delivering to regional areas. But then I started to wonder why they bothered at all? Of course SG was going to counter, so the glossy print would never have mattered. I put it down to either Nord being caught with their pants down in a moment of arrogance, or strategic PR to try and appear committed enough to turn Shandong off another counter. Not sure which one?
Well, this has played out well. This morning's counter-offer at $0.90 by Nord is at the top end of the expected bid-range. Currently >50% return in 10 weeks - equivalent to 270%pa RISK-FREE. Shandong will hopefully raise from here, and returns will get even better.
Here's to another good week - these markets are throwing cash at participants. My best trade this year - a 2-bagger in 4 days . Equivalent to 9125% pa. : On Tuesday: . . And today: .
Just speculated on SVLOB........get out while you can because whenever I buy a stock....the only way is down, down.
MZZ CHZ KAI MGV ARD GMR SAR SLR PDI EMR BDC BRV RXL Other resources stocks BOE HCH MGT CVV XAM GGG GTR PDN AZI ADT ARN
That is now a 70% return in 10 weeks (365%pa equivalent) RISK FREE. Not even PM's have a risk:reward ratio like that. $1.00 is now the floor price, so I am holding out for another counter-offer from Nord. This remains risk-free.
116% here though it wouldn’t be called risk free in my circumstance as I’ve held these shares for about a year or more speculating both a higher POG and a takeover. Yep, a solid case for if you’re “into” PMs then you should at least consider diversifying into gold/silver stocks. Even an ETF like GDX. Especially as you’re already likely to have an understanding of the fundamentals of the market. Unless of course you read too much Schiff or Bix Weir.
