I've said it before and I'll say it again now... I don't think the buyout is imminent because she's found more gold.
Rogers recent post on FB talks about a magnetic mafic dyke. Frankly, it's a very exciting dyke type that insinuates lots more gold in them thar hills. I think this is what he's been excited about.
It's accompanied by a pic of a strip of gold litterally sitting inside the quartz rock.
Guys, LME is not ready for sale yet.
Once she drills out the new findings in the new land opened up by the logging, she'll present a much larger book of drill results that show multiple areas of measured reserve.
I'll buy more in November when it drops to 35 cents again.
Gold at $1830 is not conducive to a premium buyout price. yes it matters, saying otherwise shows delusion.
I'm frustrated by this realization, becasue I too have been caught up recently by the many excited comments. As others have said, I hope I'm wrong and the buyout is coming, but I can't see it with this exciting untapped new ground that needs drilled so it's value can be included in the future buyout price.
I do think the $30 per share value will be closer to accurate, but not for a long while. My guess is next Summer.
Could a buyer be ready to overpay now? Ya, I guess. I suppose that's why the committee was put together so she doesn't catch flack by regulators for saying no to a solid offer by herself.
We're not the only game in town offering drilled results to mine. I bet they had an offer, perhaps multiple, and I bet Cynthia suggests it get rejected because the team knows, when gold spot bounces as US debt uncertainty increases AND when the new gold veins are drilled and results show WAY more gold... the price will rise.
I'm happy to be patient for $30 vs taking $7 now.
I'm prepared for you to disagree, but your opinion is as valid as mine.