ok every one calm downToo many crazy comments here.
Its true its looking more likley that tis is postponed until after the elections but its not a certainty. That imo is the
reason why coro and Btc are trading low. The delay is already priced in the stock. Unless a commodity correction occurs coro will remain in the .80-1.00 range. (also might jump if they get excellent results in the drill program).Dont forget October is only 4 months away and not years so I hardly call that long term.
A takeover of 1.50 is the craziest thing ive heard off. If my estimation was 1.5 for a takeover then I would not even bother risking all this money as thats only .55 from Fridays close. Imo when the permit gets ratified coro will trade 2.00 plus atleast and a buyout if any will be more of 3-3.5 range. Marathon Pgm had analysts with price target of 1.75 and the company waas sold for 4.00 granted they only had 60 million outstanding shares but the permit for their property was 2-3 years out.
I hold more Btc than coro at this point as I think Btc will be more intresting (short term) with the split thats comming. I think that Btc will trade at the same price of coro or more as we near split date, (unless we get ratified before then)
Time will tell