TSX:SUE.WT - Post by User
Comment by
Corcovadoon Oct 16, 2007 8:22pm
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Post# 13584154
RE: An Insider Not Tendering to Century ....
RE: An Insider Not Tendering to Century ....halfcentman Quote:
A few months ago your CEO said the property was worth $300 to $400 million. CMM and SUE were in court back then as well. Why is Century only offering Sulliden $27 million?
Well, then explain to me why SUE's share price is 38 cents? My view is that the litigation is the problem and that 38 cents a share is all the market will bear given the uncertainty. As long as the case is in the courts the outcome is precarious. So, the offer is fair within the context of the facts. The potential can reached and there is a clear opportunity to move forward.
PS. No funny chart required here. I'll whip one up for you later