GREY:SWYDF - Post by User
Post by
CravenRaven101on May 24, 2011 3:48pm
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Post# 18619363
Sell off Reynard?
Sell off Reynard?What sort of inane thinking is that? hostile takeover??? LOL... majority of shares are too tightly held... with the Que Gov't holding a BIG chunk... and with seats on the board... SWY is entrenched and fully committed to building operating and producing diamonds in Quebec... It is strange to me how most "productive" thoughts seem to be on how to get rid of Reynard... with a few other prospects in prelim stages of exploration... I would suggest that a more constructive conversation would revolve around how much money SWY could get for one of the "other" prospects they have... granted those other prospects are NOT anywhere near as advanced as Reynard is... BUT isn't that the point?... in order to raise the capital for the Reynard mine... who's to say... that SWY won't decide that they have too many irons in the fire...
In any case I think the astute investor would see SWY selling an unexplored prospect as a signal that SWY is fully committed to operating Reynard... so what's the asking price for an undeveloped prospect? 10MM... 50 MM... the price is irrelevant... it's what that sale would represent... for me... it would mean a managment group focussed on ONE thing... producing diamonds from Reynard for the next 25 years...