RE:$4.50 bid?Hey goldenrivit, just wondering where that $4.50 price of yours is ??? LOL
I guess you had better do a much better job of watching and learning yourself.
You wern't even close. A lot of this has to do with the projects location. Isolated, hard to get to, no infrastructure and so on. TLG on the other hand not only is approching 10 million ounces, but has inherited about 350 million in exsisting infrastructure, is in Quebec, has a large institutional holding, and is trading at around .70 cents with onky 260 million shares out. All in all, it shoukld get possibly 3 dollars, but if I use a discount, they can EASILY get 2 dollars which would put a buyout at around 500 milon. Cosidering 350 million oif that is alredy there in a foirm of roads, power, water etc, it's easy money from this share price level. You have to look forward now, since SBB play is OVER.