GREY:CCNMF - Post by User
Comment by
mrholtyon Jun 14, 2011 2:58pm
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Post# 18713853
RE: RE: CAA price should rise, post spin-out
RE: RE: CAA price should rise, post spin-outI have no idea of what the share price will be in 6 months or 12 months but I hope it is higher. I bought this company on the basis of the royalty and not the exploration and probably will sell the exploration at some time in the future.
If the $8M in cash is for 1 year of exploration and there are 10M shares outstanding that means that the company should trade at $.80 to liquidate. For an exploration company that is a good amount of financing. I cannot value any exploration company as I struggle with the resource and drilling reports.
My ultimate expectation is that this opens up Hud-Bay to buying us out. They could offer 2x the share price and most will take it and it will be a lot cheaper to do so than to go through the final resolution of the court hearing. Damn, just typing that frustrates me. I don't want to sell out until the court case is completed.