TSXV:CAV.H - Post by User
Comment by
investornoton Feb 21, 2012 9:35am
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Post# 19560242
RE: If MK made a "Permitted Bid"
RE: If MK made a "Permitted Bid" MK will pay as little as they can, if this is even being considered. The $1 billion construction costs and loans should be a good indicator as to minimum value but other than on "spec" we have never traded at true value. I know some will point their fingers at management on that one but they will be wrong.
Any bid above $1.50 by MK would surprise me and should be an insult to any knowledgeable investor here. To me there is no appropriate bid amount below $5 a share at present by the time they add in the manganese. JMHO