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Sulliden Gold Corporation Ltd T.SUE.WT



TSX:SUE.WT - Post by User

Post by CrashLandingon Nov 05, 2007 8:49pm
321 Views
Post# 13756323

Here''s A Question

Here''s A QuestionWhy would anyone not buy SUE after today? The supposed offer from CMM (its funny how no offer seems to materialize from the all talk and no deliver Peggy) is .72 of a CMM share that closed at $.52 per share. Unless my math is wrong that works out to a value of $.3744 per SUE share. If you are like me, who still believes that SUE will prevail through all of this you bought more shares today at $0.30, you have already got a return on your investment of almost 25%. So if it looks like SUE may lose, I tender to the offer and sell my CMM shares to lock in a 25% profit. If I continue to think SUE will win and they really do, my upside can easily be 200-300%. Sounds like a win-win scenario to me. If I am a CMM shareholder and SUE wins, the company has egg all over its face, it has pissed money down the drain and the CMM shareholders will likely lose. If I am a CMM shareholder and SUE shareholders roll over and take one up the arse, I still lose because the market will likely look at it as dilutive and the stock still goes down and I lose. Sounds like SUE is a potentially better play than CMM.
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