RE: Insider Selling Merry Christmas
2012 will be the year this story plays out.14 April is when the feasibility study comes out.You can take it to the bank that PAA will do what it takes to make a low ball offer,which is to be expected.Once the offer comes you can also take it to the bank that a bidding war for the company will occur.OK is the real deal.
The downturn in the stock price was mainly 2 fold. The market in general combined with silver softening and then the tax loss selling.This gave investors a chance to enter at bargain basement prices.I will admit that I'm a flipper,who did well when the price were much higher and the volume supported the day trader.
Cope would be selling more if the price was $2.30 and higher. He has enough shares (options) at lower gifted prices that he is still making a killing.He is taking most of his money to REX to buy at lower prices and to show artificial support for that company. The JV OK made with PAA is a deal you will not see too often in the mining industry.For this point a thank COPE.
As far as the prediction game goes I can see an offer made by PAA prior to 12April as they will already know the results.Why wouldn't a company make a bid at these low prices. I can see a offer be made at $3.00 , which suerly upset OK holders who hold at higher prices. This is a business to make money. If the offer is too low and 14 April passes insolicited offers will come out from some other bigger companies.End result $4.00 -$4.50
This flipper can hold for these numbers.
At the end institutional holders 40%,management 15% control what we remaining shareholders with get for the company.
This will be a great year for us the shareholder.
All the best