GREY:GRFJF - Post by User
Comment by
make_rubleson Feb 07, 2009 9:30pm
444 Views
Post# 15761499
RE: RE: RE: Takeout?
RE: RE: RE: Takeout?While we are still way undervalued I'd welcome it if the rumour wastrue. Even if it was just for $3.50 a share, we'd move up to that,probably higher, and that floor would be at that level, would put us inplay and bidding wars would ensue, we'd hit $6, I'd sell half myposition...etc etc. Sorry I got a little carried away there but in allseriousness any takeover attempt is a good thing in my opinion.Insufficient or not. Management isn't going to even give anyconsideration to anything under $4.50-$5 I would guess. Bring onBarrick 1 for 10 to start the ball rolling.....
I hope you are right about the price. $4.50 - $5 would be great for me :)
I spoke to my sources once again last night and got some more info. Here's what I am hearing.
The offer will come from New Gold Inc. sometime in the last week of February and it will be a bid based on the average of the last 10 trading days before the offer PLUS a premium. As of right now the premium is believed to be 20%. If these rumors turn out to be true, and we stay at around the level we are at now I will be quite pissed cause that would mean we go out at under $2.80. That would be robbery!
Once again I stress these are just rumors coming from people I consider very reliable. Don't make buying or selling decisions based on this since anything can happen. Make sure to do your own DD.
Good Luck Everyone!