RE: predictionI hope that you are right although I think that the short term predictions are too high. The current price already includes probably the assumption that the company has a 75% or more chance of winning. I think that the real time to buy more will be one to two weeks after the ruling. With the ruling the price will jump to $.35 (maybe a bit more) and fall back to $.20 to $.25 in the weeks following.
My reasoning is that there will have to be a dilution of the shares in order to raise funds for drilling and ongoing expenses. According to the latest financial statements the company six months ago only had $200,000 in cash which is most likely close to gone by now. In addition remember that the company only has an option to purchase 50% and the first right of refusal to purchase the remaining. This first right of refusal will be at approximately market value so it can not be considered in any valuation of the Canstar's interest in the property. I do not see Canstar purchasing the other 50%, rather probably it will be the opposite with Xtrata buying Canstar's interest early if good assays are received on the new drilling. Xtrata is not fighting this in court to receive anything less that the real value.
Still lots of money to be made. I will not be selling what I have upon the decision and will add more in the weeks after when the price settles down. At that time the risk of delays will be gone.
If my thinking is wrong, please feel free to post comments.