Post by
Buckfinder on Nov 10, 2020 11:29am
Take over candidate? Unfortunately yes.....
...That's the reason why the company conducted an aerial survey to increase the companies value in case of an take over... and as I interpretate the results they are very happy what they found... with little capital input... remember its a huge area the own!
unfortunately I fear that we do not get more than 2 cdn in case of a take over at this inedequate time... a triple from here but a tenbagger without a take over in the long run...
glta
Comment by
CopperWave on Nov 10, 2020 11:53am
Not sure how you can be disappointed with a $2 takeover, which in my opinion is overly optimistic. That's a +167% increase, what other takeover as been done at such a price increase? Comparables would nice.
Comment by
Buckfinder on Nov 10, 2020 12:03pm
The stock was priced at 1,5 cdn without a permit...the market normally is efficient... so 2 cdn is more than fair with a proof of producing copper :-) and the aerial survey put even more value to the stock not known before ... glta
Comment by
Ajax2019 on Nov 10, 2020 2:57pm
Working in private equity myself we can safely assume that the majority shareholders would not accept a bid below $2 CAD. They would rather wait 6-12 months to sell at a higher value once there is copper and the technology works. Their return is sh@t if they sell at 50% premium to today. Remember, its not their own money, its the IMs job..
Comment by
fishmillion on Nov 10, 2020 3:41pm
Call greenstone and see if you can get a feel for what they would agree to. Can anybody provide info on greenstone?
Comment by
fishmillion on Nov 10, 2020 12:05pm
Whoa .... i looked over the info..... i like a few things but not all. But decided to test the water. Definitely not a 10 bagger or a 5 lol... It would likely take 1.3 to take over. Not sure if the interest is there tho. My target is 1.1. Or a dump at .7
Comment by
fishmillion on Nov 10, 2020 12:13pm
Sorry all. I meant im dumping at either 1.1 ya... or 0.6 bah.....1.1 is my 3 month target... .6 is my out case im wrong lol
Comment by
Buckfinder on Nov 10, 2020 2:45pm
Greenstone has an entry point of 1 cdn so I do not think they would be happy with a price below 1,5 cdn:-) Longer term it depends on the price of copper - if experts are right and copper reach in the next 5 years 5+ usd then 3-5 cdn at full scale production is no wonder for MIN.. remember that china expects 8% growth in 2021... we will see glta
Comment by
comet52 on Nov 11, 2020 1:15pm
Accepting a takeover now would be premature/shortsighted imo. Covid cure is on the way which will improve things. CU is going to go higher in coming years with commodity demand running high. Patience will yeild a much better price than anything on offer in the next 12 months. JMO.
Comment by
fishmillion on Nov 11, 2020 3:39pm
I hear ya comet.. but a bird in hand.... my experience is always vote for takeover. If it is truly undervalued others will trump the bid. Every wonder why companies dont get a bid when they seem really undervalued?....because they are not undervalued or have a shatload full of risk