RE: RE: Insider cross trade The Sept. 20th NR very strongly implies that, unless you hear otherwise, closing is about to occur. A blurb on b-tv would seem sufficient follow-up to me, especially given the Sept. 27 NR, which stated that official construction is going to commence exactly one week from today (Oct 8th).
I'm not sure what else there is to see, until Oct 8th.
Apart from news about moly with POSCO M-TECH, renewed interest from KZ for strategic reasons (those of you who follow Korean politics/business might know what I mean), news about Yeonwha, updates on Muguk gold/silver, or new estimates for Sangdong (these could come at any time).
It's my opinion that this company is worth $2/share right now (not in the future). This is up from my valuation last week, which put it at $1.5/share. This increase reflects the news that has emerged since then, which has dramatically reduced the probability of what I had previously considered a plausible (but unlikely) worst-case scenario (major delays/loss of partner), which dragged down the mean of my estimates and inflated error.
The more I examine the situation in Korea, the more inclined I am to agree with geologyfella's assertion that we could be seeing the birth of a major. In my opinion, it's too soon to tell (at least from where I'm sitting, which is quite far from the action, to be honest). But I'm watching very carefully.