GREY:BIXZF - Post by User
Comment by
DrAuditon Mar 08, 2012 11:35am
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Post# 19643588
RE: RE: RE: RE: I'm lost here
RE: RE: RE: RE: I'm lost here Eminently reasonable - so why are we consolidating at 25 cents? Something has gone bad. I would have thought GEA plus 97% would have pushed us up to 40.
I know there is a measured apprehension about Monday's numbers - but we can all do the math. And I would have thought that has been factored in already.
So I'm thinking the 65 million $ needed to finish/ replace Sakatoon and the 130 million to build Minton have sucked the air out of the balloon. At these prices that would mean 800 million shares if we PP it.
No one is bailing - see the Reuters lead analysis - stuck at 2.71 Hold/Buy for 4 months. But our capital is eroding as we wait. And there are opportunities out there,... I've been in and out and in and out at 28 cents of late - I'm on at 23 cents now but I think I might cancel my bid. This thing needs a real catalyst and I think it will be a couple of months. Schnarr's strategy is to hunker down for the next year and see who comes along - time that right and you will do just fine.