TSXV:NORA.H - Post by User
Post by
blue_seaon Mar 17, 2010 11:24am
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Post# 16892733
TColvin - price target
TColvin - price targetTColvin you wrote:
"Four years ago, with silver at $13, the consensus here was that thebuyout would be $5 to $10.
Now Dennis reckons the SP is fully valued.
Noone has ever explained why the target level collapsed from $5 - $10down to $1.50 - $2, during a time that silver increased to $17 andproven reserves increased."
You always tried not to mention that the financial market for miningcompanies broke totally down in 2009. So there were alot of companieswith projects in advanced stages whose came in big difficulties. Forexample CUU and AUA are ruined or TAM broke down or think on FRA etc. Ofcourse there are exceptions like OSK because a big german investorgroup holds a majority of shares.
Everybody knew that it would be very hard or simply impossible forcompanies like Orko or Nevada Copper to finance incommissioning. Thatwas the reason why the stock prices broke down so dramatically. Underthis defaults the price targets vanished into thin air.
So Gary Cope knew exactly what he did as the negotiations with PAAended in this 55% / 45% agreement. From the actual point of view thiswas a very good deal for all and retail investors because now theproject is on the best way to get realized. Realized without any furthercosts for Orko!!! ... It was a good deal, applause for Gary!
Say it's a dream but I don't will sell under 5 bucks.
And like I said it was a good deal to bring Coneto into Orex so we allhave the chance to make bargain twice!