Post by
robybob on Nov 24, 2016 11:22am
DDC acquiring
highly unlikely IMO, Eric and Robert will not give this up for peanuts, they own almost half, and DDC will not pay what they would want to walk away IMO, not at this point in the project.
This could be part of the problem with the share price, no institutions, or other major is bothering to buy as it is all, effectively, in Friedlands hands pretty much, and it would be almost impossible to get any leverage without huge bids.
Instituional interest would not seek "leverage" per sey, however, may see the ownership as a block to short term gains. Friedlands will do what ever they want in thier own sweet time. There are many many other small cap and large cap opportunities for institutions which will pay off within the timeframe they require to attract thier own investors, 3-6-12 months.
This stock is worse than slothlike, very unattractive to institutions, in its development of the sp.
If they, DDC, try to use the market to buy it, (hostile low bid around lets say, 40 cents), one call to a few from Eric and they would not have the leverage.
Only thing I can see as happening with DDC is a deal with the owners of DO27, may help fund Peregrine with the FS to move this forward. If they pull that off, the sp will jump.
If the plan is to mothball DO27 by Eric until they start huge profits at Chidlaik, and I think it may be, look to the house they actually live and WORK in to support this going forward, no further, Robert gets a bigger piece via Ivanhoe, and little brother gets to deliver on his dream. Screw the markets, DDC, Institutions etc.
Simple is usually the way things work out, Friedlands could careless about a offer from DDC unless it runs north of 4 or 5 bucks, and THAT will never happen IMO.
Comment by
cudjo on Nov 24, 2016 11:44am
agree 100% with Big and Roby, Ollie forgets and is a proven pumperdumper, Peregrine doesn't need anyone, they have Ivanhoe, Roberts company, they live and work in the same office. Game set and match, only 1 of 2 things can happen now, Happy belated Thanksgiving to the great white north, I forgot Canucks do it earlier. GLTA
Comment by
ekim on Nov 24, 2016 11:45am
Apply renard pipe type design to CH-6 and your impossibility disappears. LONG...PGD EKIM
Comment by
cudjo on Nov 24, 2016 12:38pm
that is one of the options kidlapik, probably the most logical as well, another point to ekims point about Renard, years away from even being a remote possibility, wont happen but one can always dream I guess.