GREY:AUAYF - Post by User
Comment by
xdmmdx3on Mar 28, 2008 6:22pm
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Post# 14920369
RE: Five Bucks A Share
RE: Five Bucks A Sharewaldipup:
"Though I'd of coarse love to get 5 bucks at this time ,
I have to guess that a much lower price is what would be offered at the table."
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Well there is the crux of it. Of course a suitor would offer as little as possible to secure the purchase of the Ruby Creek Property. Seeing that the stock is sitting at 60 cents, the suitor might offer $1.20 or $1.50, and if the board refuses to accept the offer, and the shareholders have the intelligence to follow the boards decision, then you'll see the shareprice quickly rise to that level, but no deal will be done until they sweeten it enough to satisfy a majority of the shareholders.
The question comes down to economics and timing. If someone wants this property cheap, they sure better put an offer on the table BEFORE the bridge financing comes through. Now one might say that about $50M-$100M is not the $650M they need, but I'd then say you won't get groups ponying up the smaller amount unless they are quite confident that the larger amount will follow. Generating numbers like $300M in CF per year are numbers that no one should ignore. Think about that for a while...
Good luck to all,
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