TSXV:NORA.H - Post by User
Comment by
blue_seaon Dec 14, 2010 5:17am
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Post# 17842032
RE: Orko Silver = Silver Royalty?
RE: Orko Silver = Silver Royalty?It's really time that a 3rd party would give out a takeover bid to accelerate the business.
Like I mentioned before, PAA missed the opportunity to buyout OK at the right time. Now it will getting very expensive for them.
Just remember the whole bunch of results from drillings in 2010. So this board here is discussing or calculating with the figures from 2008. Now it's the end of 2010 soon, infill drillings and extension drillings took place, new veins are known and probably drilled but the figures wasn't layed on the table. The takeout of the assets in the vicinity of La Preciosa say all. So why this delay in information of results -> of course that would drive the price higher & higher even facing the silver rallye.
So in my estimation any takeover bid should be around 8 bucks now. This should bring a big dilution for PAA shareholders because I could bet that PAA will offer a share transaction as consideration.
And don't forget OK management has not to accept a takeover or takeout offer. Why should they do when it's not good enough?
This pressure of the share price that we see here actually will turn in a rallye very soon IMO.