Comment by
netgenx on Feb 28, 2012 11:32am
surprisingly muted responce to the news - I doubled my position today as we are now approaching an all time high for the share price with a really nice base at $3. I expect at least a 30% premium to today's level if we get bought out. (ie: $4.50) Mgm't has done a really good job here. GLTA
Comment by
claritas on Feb 28, 2012 11:50am
The reason why you see muted response, is that a takeover was already built in to the price to a fair degree. So I don't think you should expect to see a large premium on top of the current price, you might be disappointed. A possible takeover should not be a surprise to anyone, it has floated around for months now.
Comment by
netgenx on Feb 28, 2012 12:32pm
I.m aware that the T/O speculation has been in the market for quite a while ( more like a year), but I think the production profile here will justify a premium to today's price. My best estimate would be $4.25-4.35