OTCPK:ASLRF - Post by User
Post by
Sonsubon Feb 16, 2011 3:49pm
356 Views
Post# 18145529
Meant Dictum.....again iii
Meant Dictum.....again iiiI ought to make it clear.
If a bid comes in this year and we have 120moz under our belt I would want between 110p and 150p. This is really where my 125 - 130p takeout assumption has come from.
if we don't get a bid in 2011 and we continue to prove up resources in 2012 then the price would have to go up.
Let's assume that we get 200moz by September 2012. At that kind of level I would expect a valuation of circa 400p and a trading value of 200p (minimum). Again, if we got a bid in Q4 2012 I would be expecting maybe a 20% premium, say 240p. A $35 spot would generate a takeout value of around 200p.
So, roll on another 18 - 20 months and I would want somewhere between 200p and 250p.
To simplify:
125p in Q4 2011 with 120moz
or
225p in Q4 2012 with 200moz
I'll be pragmatic and take either.
This is why I've watched the SP drop in utter amazement over the last few weeks. It looks like a lot of PI's have looked this particular gift horse in the mouth.
Doh!
Not seen much institutional selling, have you?
ddd