TSXV:FCO.H - Post by User
Comment by
millionvesteron Sep 27, 2010 10:32pm
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Post# 17499264
RE: RE: AURAMET AND FCO
RE: RE: AURAMET AND FCOSorry for my excitement. I should probably be depressed at the fact that I've already made a 100% return. Let me go drown myself in my tears. I play it like it is, and the news is exciting in every single respect of the matter. If anything, I'm beginning to think one of two things in respect to some of you. Either you are just too EMO, or you bought in at $3.00/share and don't give a #### what is going on. Well, I really don't give a #### what is going on in your world. I only care about the realm of FCO, and I take pride in taking happiness out of my investments, which in FCO's case have not only been very profitable, but are forecasting to be levels above.
FCO is in a better position to be bought out today than before. FCO is in a much better position today as it has secured the majority of financing required, as opposed to a month ago when people thought this project was going no where and a literal fire sale of stock took place because of this uncertainty. Please tell me one company would would buy another on the verge of collapse, with no strong support in place? You obviously have no business background.
Furthermore, now the tables get more interesting, because the stronger position brings more eyes on the table. Considering details, such as the fact that there are no other Cobalt players in the North American market, many of the big boys have their eyes on FCO and gaining that market share. FCO recently gained interest in several uranium properties and has even more acquisitions lined up for the new year. At $1.70, they are still a prime target to be bought out - and this so-called dream could become a reality much sooner than later.
Especially with cobalt prices at such low levels, the play on cobalt and the decreased world supply as a result of halts overseas are enticing enough. If Cobalt returns to its previous highs, the stock literally two-folds in value. If they do get bought out soon, the results could be surprising. They would obviously have to determine at what price the majority of shareholder value is. A buy-out doesn't have to occur at $4-5 a share, it could realistically occur at 30% above what the stock is currently trading.
-Millionvester