OTCPK:ARNBF - Post by User
Comment by
wordlesson Aug 15, 2012 11:29am
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Post# 20220060
RE: what about CPG dividends
RE: what about CPG dividends Anything under $3 and they'd get competing offers pretty much guaranteed. While I agree the debt is high, they did build needed infrastructure that has value to an acquiror over and above the current production levels and the current 2p reserves in the ground (Reserves will increase in the new year).
My crystal ball tells me they will run the course through to 2013 and unless forced into a sale, the sale will be over $5 - be it in 2013 or 2014 (Unless they get a fair offer this year, but management likley already turned down $6-$7 last year from CPG - of course that's all speculation on my part based on CPG buying 20% of the Company above $5)