GREY:CCNMF - Post by User
Post by
AARMYon Apr 20, 2010 10:21pm
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Post# 17013377
what's going to be the offer ?
what's going to be the offer ?Who's going to be making the low ball offer to take us out? I don't beleive the recent appreciation is due to a "hit" on one of our properties. Having said that, I hope I am wrong and if we are about to receive an offer, a drill hole could not come at a better time. So let's guess on who's going to attempt to buy us for a lowball price of aprox. $150 Million ($3-$3.50)
Hudbay ? I doubt it. They don't have the forsight to make the offer. If they are, they are going to have to justify an evaluation. They know they're screwed in court and may have missed the boat in making a low ball offer.
Franco Nevada? Maybe. But the current life expecatancy of the 777 may not appeal to them. The War Baby could change that though, however, I'm not sure enough is known about the War Baby at this juncture to be able to place a $ value on it's worth.
A private company or up and coming producer that like's the cash flow ? I think this is most likely. There are many companies out there that lack cash flow desperately needed to put a promising property into production.
The question become's, what will the initial offer be and how much additional pressure will this put on Hudbay. Can you imagine the additional pressure put on HBM if CAA we're to be taken out by a company with a $1 Billion + market cap? I would have to guess that the bidding start's at a minimum of $3. If this occurs, maybe it's a good starting point for the royalty and War Baby. I'm more interested in this initial offer to see what it does to the Hudbay Board of Directors. There will be a lot of worried managment at HBM if they realize Callinan has a lot more bite behind that bark.
Either way, without a doubt, our time is near. I am finally confident this stories conclusion is months away instead of years. These are enjoyable time's, finally about to be rewarded for being the most patient shareholder.