GREY:NRRMF - Post by User
Comment by
bplondonon Sep 15, 2011 5:17pm
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Post# 19047672
RE: gone
RE: goneThank you for the well wishes-I hope you do well with your investments.
While this has been frustrating, I don't really understand why someone would sell at this stage. The pressure is on PAA to do a deal before the end of the year as any negotiations in '12 will have to take into consideration the much higher price of silver at the end of this calendar year vs. end of '10.
On top of that, PAA appears to be attempting to drive their share price higher with a stock buyback, something which I view as a positive as the offer will likely be in PAA shares-I view PAA's attempts to do so as an effort to diminish the effects of dilution on their stock knowing they are going to be offering shortly.
Then you have Orko insiders excercising options on 575,000 shares last week and not really selling any. If, all of a sudden there are substantial insider sales, I might change my view of things, but they are not happening right now.
PAA clearly wants to buy this as cheap as possible-what's not to understand about that and the PEA's position in this game? That being said, I think $5 or more is coming by the end of the year for exactly the reasons listed above. I'll continue to hold for that reason and also take all the abuse from other board members who assert that $5-$6 is giving the company away, etc. etc.
There's a lot of money to be made on this stock at $5-$6 and I think it's coming sooner rather than later.
The market has been pretty ugly lately. That has to be considered as well.