Market's view on Mc Mining
Published on April 2024
- Stock watcher highlights the potential of Andrada Mining, pointing out the rising tin prices and a broker price target of 30p, with a current buying price of 4.90p.
- Stock watcher mentions the possibility that a takeover might not acquire enough shares by April 5th.
- Discussion about a scenario where if a higher bid emerges, the consortium involved must accept this higher offer for all its holdings.
- Stock watcher expresses frustration over the lack of profitability in the market, suggesting better odds at bookies.
- Concerns are raised about the initial undervaluation of a company, with speculation about potential higher bids driving the stock value.
- Stock watcher discusses a new offer range between 8.8p and 10.60p but faces issues with making a purchase.
- A formal announcement from MC Mining Limited advises shareholders not to accept an off-market takeover bid by Goldway Capital Investment, describing it as opportunistic and under-valued.
- Frustration is voiced over big entities potentially keeping lucrative projects for themselves, depriving smaller investors of gains.