GREY:LCPRF - Post by User
Comment by
MidasTouchezon Nov 27, 2012 8:20pm
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Post# 20652041
RE: not to be pessimistic
RE: not to be pessimistic The offer is not currently on the table. No point in us getting excited over it. Just have to wait for a company based in Chile to make a move.
When the exploration from the two JV'd claims is completed it is unlikely that anything less than 18 dollars per share (a fair price) will be acceptable to most shareholders.
I would suggest that only a company based in Chile can seal this takeover deal. But I don't mind being proved wrong as long as a deal is made.
The current shareprice was reinforced with the last press release. We already know that the two JV'd claims are going to add to the value and that potential is not even considered in the shareprice. So we just have to wait for the results of that exploration and hope that no sub-standard deal is sealed before the results are published.