Takeaways from release and fncl stmts.1. Caribou-no decrease to target for year so progressing well. No bad news is good news here.
2. Transaction possibly coming-I'm guessin buyout or silver streaming deal to provide funds for a. expediting 1. expansion of Santander and 2. Stratmat-Half mile.
I see analysts rasing targets
-buyout possibility
-zinc already higher than what they had targetted for 2017 (every 1 cent in zinc should add about 3 cents to target price and lead is higher too than they targetted)
-Santander higher grades and continued high production (some analysts have Santander producing less zinc next year-sandbagging).
Lundin and HBM have been on a tear with increase in commodity prices. They will need much of existing management to do continued growth.
I don't see TV being independent through the end of 2017 (maybe not even 2016).
$1.25 or more by the end of the week is my guess. Time will tell.
130% of 20 day weighted average is currently 1.35. 150% is 1.56. Hoping for $2+ eventually. Don't think the bigger companies will let it get that high. They want some of the upside in their stock after the deal. 6 to 8 times 2017 projected cashflow at around 1.10 zinc is $2. Zinc currently higher and they get 2018 and 2019 growth of doubled Santander and Halfmile-Stratmat essentially free. 1.5 would be cheap. I'm holding on if they announce a deal. I think a higher offer is possible if it isn't $2.