GREY:SWYDF - Post by User
Comment by
shambanoon Sep 25, 2007 3:33pm
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Post# 13465951
RE: still a struggle
RE: still a struggleTime is what we have lots of, unless you are 90 years old and have all your eggs in SWY??, double ouch.
I don't think anything will happen until the Renard valuation and then Lynx bulk results and subsequent valuation is completed, which should take us into December -07, January-08.
SWY might want one last kick at the can to operate or partner and use PDAC 2008 to promote Renard but if the market hasn't bought it already they will need some very high numbers to entice the general public especially in these markets.
Soquem has to sell, they don't want to own an operating mine and with the recent board appointment, they are getting ready to sell their interest.
SWY really can't afford to buy unless they find some cheap cash??? LOL, so Agnico comes to mind with their cash hoard, and Rio might be interested if the numbers look good, but I doubt they will come back into the picture from an operating POV.
Time will tell.
Cheers and GLA