GuidanceI wonder if management has been given guidance, as to what would be expected to have done in order to facilitate a buy out. Did some suggest to them to re-assay certain holes? Was it suggested that 200,000 meters be done next year with fairly tight spacing is needed to get a deal done?
I imagine that the majors want the heavy lifting done before an offer is made. IMHO that once all of the uncertainty is takien out we will be taken out. I think we will get taken out before ALL of the results are released next year, as whoever buys CAN will want upside to the project. I saw an interview with Ty Burt of Kinross when he was taking heat for the huge offer, and he suggested that they were working with Redback doing DD for six months before making the offer and they knew that the upside would justify the price, and he has proved that to be correct.
What bothers me is as usual retail is just along for the ride dictated by others and a lot of retail is being shaken off the ride.
I firmly believe that more results should have been forth coming and maybe this would have given retail more confidence, but I don't think this is about retail. Canaco's future is probably already laid out.
Looking forward to a higer SP, but don't dont think a combined $15.00 by thanksgiving is going to happen as it porbably does not fit the timeline laid out (whatever that may be)
Canaco+ TIgray could be $15.00 by this time next year though.