RE: RE: RE: There will be no imminent news JABOAI do not find much surprising here. The majority interest is going to do what is best for their interests. I do not think many of you are any different, are you??? Folks maintain some minority rights, and supposedly they will play to some degree, but the majority interest will play it for what it is worth. Having said that, I repeat, things can change fast, and nobody here knows what is going on, other than perhaps well thought out speculations, or rumours, or supposed connections to information.
My take is this. As the gold and silver price continue up, the dynamics change. It will change the approach possibly, it will change investor sentiment and thus the possibility of deals not contemplated. For those moaning away, you can sell your stock. Less we forget, this IS the stock market. You buy, sell or hold. Nobody is forcing you to do anything, nobody forced anyone to buy in the first place. Those of us who bought, did so, because of what was it? Maybe the thought that this was going to unfold in a certain fashion, and low and behold the price would increase. So, it did not work out SO FAR! WHAT else is new???????
I feel potential has NOT gone down over last while, it appears to me to have GONE UP. Will the share price reflect this eventually? I think so. BUT I am prepared to be WRONG.
My prediction: AGAIN: gold and silver price action will overwhelm this and many similar situations. Even the guys at Severstal are human. As their other stuff (steel) has little if ANY chance of rapid recovery, it will weigh on them. They will look for alternate cash flows, medium term results etc. They would be purely STUPID to ignore the FACT that they have in their possession a public vehicle, priced in a currency FAR stronger than theirs, and in the ONE SECTOR with potential to show BIG returns rapidly, IF THEY PLAY IT RIGHT. IMO They may just play this so cutely that they cut off their own balls, if not.IMO That may be their choice, but money and potential tend to slap even the most stubborn if one is smart enough to see it. So I see it a bit differently, in terms of potential that the depressed crew here.
I see a good chance at a surprise on the upside, but if not, a low ball bid, yes as possible, but still higher than current price. If I was in the position of these guys (Severstal) I just might start asking, what the F are we doing, when we can make hundreds of millions of DOLLARS right here, WITH VERY LITTLE to do, other than put this ship in order, get the story out and then we can do many things, including raise cash, or sell off stuff at far higher prices. Maybe they go off on the other routes mentioned, but I say, and I would love to argue this directly with them, that they will NOT make anywhere near the returns possible over the next year as will be possible just rolling with what is going to be a roaring bull market in gold and silver companies.IMO If they take it out, they will make less in my opinion, because they will miss the opportunity. IMO So I am watching with interest, but so far have not changed on my basic premise: assets will assert at some point, share price is undervalued by ANY standard. Risk is they completely screw up and blow it. That is a risk, I am willling to take.
Cheers all: we are ony at the beginning. Grab a little more patience, it may pay off. OR sell. You have that choice.
By the way: my fair value price is far higher than most of you. $1.20 range.