GREY:TWNNF - Post by User
Comment by
letsgetreadyon Apr 29, 2012 5:51pm
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Post# 19850174
RE: Re No Vote
RE: Re No Vote The offer is low even in comparison to the target prices of all the analysts out there..that shows you are poor the offer is..much in fill drilling has been done as well as expansion drilling thats not in the last resource calculation (which was based on drill results to the end of Sept. 2011) ..TRR needs to put out an updated resource calculation to show the shareholders what they have now in indicated and inferred..as well as drill results
Th Board should have let IMG pursue and hostile bid at $3.00..it would have been laughed out of the park..we were above $3 for most of last year and things have only gotten better at TRR..the market sucks though for juniors..but most sahreholders see the value in TRr down the road to fall for an opportunistic bid..unfortunately TRR is now in play and unlikely to survive if competing offers come.
I couldn't understand the massive volume on Friday..169 million shares..how is that possible? aslo given there may be a competing bid, why didn't TRR trade at a premium to $3.30..I would have expected that