GREY:ESOFD - Post by User
Comment by
deelongon Nov 22, 2013 6:03pm
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Post# 21933643
RE:Canaccord says sell FCU and buy AMW
RE:Canaccord says sell FCU and buy AMW
Certainly not a ringing endorsement. However, I think 50 mmlbs is all but a given at this point and I also think once the winter drill programme is complete we will be in the range of 70 or 80 mmlbs. I have a tough time thinking this deposit will go for anything less than $9/lb so I am anticipating a $650 to $700 million buyout for the merged fcu/amw with roughly 350 million shares out. In other words $2 a share, still a decent return from these levels.