PINL:VLTAF - Post by User
Post by
ALLEN4on Feb 21, 2013 6:37pm
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Post# 21025624
Channel Resources - if we can get it
Channel Resources - if we can get it cheap; its down another 11 per cent today and has market cap less than 5 million. Looks like they have about a million dollars in the bank now so will not last much longer on that. We have the cash to do it, or maybe a share transaction of some sort if we do not want to part with much of our cash. They have some assets which are not insubstantial and the geographic proximity makes sense. I think it would add to our already substantial gold assets and we would be a standout leader by our size. But just because market cap is 5 million does not mean we can get it for that. Just like no one's going to get VTR for 50 million. But it might be that CHU would be happy to be part of a larger team.