GREY:VAALF - Post by User
Post by
rborhion Feb 04, 2010 12:04pm
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Post# 16752027
VAA trading like...
VAA trading like...most people think the hostile takeover won't go through. Down to 4.5 cents Canadian when there is an offer of 7 cents US?? It's a gain of over 50% if you can buy for 4.5 and sell at 7.0. This tells me that at least the market is doubtful about this going through.
What would be interesting is if a third party stepped up to the table to make an offer to gain VAA's assets.
I'm still holding but would think if there was confidence in the 7 cents offer, we'd be trading at 6 or 6.5, maybe as low as 5.5, but that's it. Anything lower says doubt to me.