GREY:LACHF - Post by User
Post by
Nosleepon Mar 30, 2012 10:32am
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Post# 19738218
nibbled the past 2 days.
nibbled the past 2 days. Hard to resist near 3.00, kinda crazy actually. The numbers out of this company are really good. I do think they can find a buyer. A market cap right now under 500 million? Multiple properties producing, low costs, large resource base already plus VMS expansion potential?
No way a company can build out that type of infrastructure and resource potential plus large profits for a mere 500 million. Because of the requested exit by Areva, it might bring down a premium a bit, but i can see 4.00-4.50 easily here on an offer, which is still nice upside. Downside seems to be quite limited from here though...knock on wood
Nosleep