RE:Rather pay .065 than over .10 centsActually I don’t think we’ll get that news next week- on Dec 20, 2013 they went under listing review, and have 60 days to comply. So like Feb 19, 2014. But that’s good, I think, it gives BAJ more time to comply with the lsiting requiremnts, and increase their market cap. We’ll definitely be at a higher SP in a few weeks when the decision needs to be made.
I am very pleased with how well BAJ held up against the pull-back today. A 450% gain in the last week, and only a 15% pullback, which means shareholders have faith that there is still a significant upside. And why wouldn’t you? Look at the last news release, and particularly the last statement:
“Baja is very pleased to have resolved its differences with LDCMS on an amicable basis and looks forward to a productive future relationship with LDCMS, which remains a significant stakeholder in the Boleo Project.”
That is a very encouraging statement to me, you have to realize what is being IMPLIED here:
Louis-Dreyfus Group is a HUGE company. Like revenue around 100 Billion $ a year huge (as a whole company, not exclusively in their commodities business)! The fact that they actually sat down, negotiated, and worked through their differences with Baja amicably is amazing- they could have kept it in the courts, and bankrupted Baja with legal fees if they wanted to, without hurting their bottom line at all. But, why didn’t they do that, and why do they remain a significant stakeholder?Because they see a productive future relationship with them. Again, for a big company like that to pay any attention to BAJ 10% of a mine, and call it “productive” means there is something big there. They believe they will attain profitability from their interest in Baja- and their avg. share price is way higher than the share price is right now. They’re not dumping their shares. They could cut their losses and go to another endeavor, they have the money to do it. But, they’re sticking with us, meaning an investment in Baja is the most productive use of their funds. We don’t know all the details of the negotiations, or what swayed them , but something that was said, or shown, or leaked, made LDCMS believers. So who are we to say they’re wrong? These guys buy large stakes in commodities for a living all over the world- they know where the potential is, they are experts.
I follow the money- I took a chance on BAJ before this announcement came out, but now that LDCMS is on board I trust BAJ a lot more and I am long on this until we reach production. The same reason I throw my support behind PFC- they are fully funded by one of the largest oil companies in the world, and their largest stakeholder is another oil company- major oil companies investing in a junior oil company? Or in BAJ case- a major commodities company investing in a minority stakeholder of a mine? It’s a tremendous vote of confidence.
Congrats to all so far, and keep holding- remember 90% of the outstanding shares were acquired at prices much higher than this, the price will continue to climb as shareholders asks go up to recover their losses.
Follow the money.