OTCPK:PALDF - Post by User
Comment by
crow27on Oct 07, 2019 7:30pm
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Post# 30205410
RE:RE:Let's just say that
RE:RE:Let's just say thatI do understand that Brookfield wanted out and that we all wanted more but this offer is seriously low when you start to crunch future EPS and the P/E that will follow that.
Just last week RBC puts a $28.00 price tag on the shares and the overall estimates are in that $23.00 range.
I thank Brookfield for giving us the $19.74 and them only taking $16.00 but something just seems a bit out of whack for everyone.
If we get a second or third offer then you will know that Impala were just low balling this company.
If we do not get any other interest then Impala had the right price. It is totally open to anyone as we speak to do the math and come in with a better offer.
Brookfield owning so many shares has always been the problem as they just had such a big hammer in every decision. It really looks to me that they just had a number in their head and that number was $16.00 and they in a way looked after the small guy and gave him the closing price of last Friday. They also know now that the elephant is on the table and everyone can see it and address it if the want.
It's out their folks and lets just hope another suitor or two see that offering more is worth it.
I believe it is but I do not own a mining company.
In any deal you have to open the bidding process and today that just happened.