TSXV:NORA.H - Post by User
Comment by
carterZ21on Aug 20, 2011 8:39pm
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Post# 18964136
RE: RE: RE: silver300: $65 Mil. Buyout / 18 veins:
RE: RE: RE: silver300: $65 Mil. Buyout / 18 veins:I hope you are correct Silvertrust in that Orko management will be more aggressive in the weeks ahead particularly as it relates to the PEA results and the future potential of relatively unexplored land package.
I was somewhat disappointed with the market reaction after the release of the PEA results however the recent trading activity is somewhat encouraging. I know many have been disappointed with Orko management's lack of news releases etc,. however I do believe that managements' interest and those of all other shareholders are in line as it relates to share price appreciation and a possible takeover price. It seems obvious to say but sometimes we tend to lose track of the basics that are common to all Orko shareholders, that being the biggest pay day possible.
The clock is running out for PAA and it will likely get only more expensive for them to take out Orko if they insist on waiting until April 2012. Commodity prices are heading higher, so too will the share prices of mining co.s. IMHO I believe that a takeout offer will come shortly after the NI-43101 on the PEA is issued, as that will give PAA shareholders the assurance they need that the economics are for real. In any event I'm riding this one out as I believe in the story.
GLTA longs
Carter