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Viacom Inc. VIAB

Viacom is a global media company with several leading cable network properties, including Nickelodeon, MTV, BET, Comedy Central, VH1, CMT, and Paramount. Viacom has also built several online properties on the strength of these brands. Viacom's Paramount Pictures produces original motion pictures and owns a library of 2,500 films, including the Godfather and Transformers series. Viacom was spun out of CBS at the end of 2005.


NDAQ:VIAB - Post by User

Comment by ChuLai70on Nov 10, 2005 9:54am
191 Views
Post# 9711351

RE: 2 rigs

RE: 2 rigsThe flip side to that is why sell before you know what you've got and risk the humiliation of selling out at a 5Moz price when you've got 10Moz? Andre is young and doesn't need to rush andy deal through. They are not hurting for cash and could easily raise funds in the capital market if need be, not to build a mine but to prove out the reserve before taking offers. On the contrary, when they add several more drills to define the reserves limits they are readying it for sale. That's what David Lowell did at Ariquipa. He had initial low-ball inquiries and then ramped up drilling and showed 7Moz. The stock went up 30X in about 6 months when Barrick offered $1B.
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