SEA- fattened up for the majors This company is now fattened up for the kill of a major coming in to bid for a majority stake or joint venture at these low prices.... $6.50 per ounce in the ground... in Canada, close to infrastructure and soon upgraded resource.. we already saw the higher grade infill holes upgrading waste rock to ore... we know the calculations will reflect that ... over 40 million ounces measured soon to increase with updated 43-101..in January sometime is what was said... 10% of outstanding shares short ... After a massive decline in December, and people are ready to throw in the towel... A major could probably scoop the whole company for less than a 2 billion bid or $30 a share.... I know I would tender to that.... and shorts would be lucky to have volume trade there for them to cover....
Not much else SEA can do other than permitting and environment studies.. they won't build this mine...
why doesn't Barrick just suck it up and use their shares to take this thing out? They ran a mine just 20 miles north of this deposit and know the game already!!!!!!!!
$30.00 a share thats right the price 3 months ago and it's yours!!!!!!
