GREY:CATXF - Post by User
Post by
fortun8on Jan 20, 2013 1:39pm
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Post# 20863237
The company has done the work and has
The company has done the work and has filed the technical report and i suppose they have delivered it to teck so there is nothing more to say except wait for teck's decision and quiet honestly the share price has factored all that in and its valued at 0.06 so i if we had to assume that teck chooses to take it over then why should they pay anymore than %30 premium over current share price? so i assume 0.078 or 0.08 is a fair price for a take-over....after all teck is in the business of bringing value to their share holders and we all know you do not achieve that by over paying for projects....now if share price was at 0.20 or 0.25 or 0.55 then that would be a different case however share price is almost always reflective of the value.....i can dream of all kinds of numbers and higher share prices but the reality is that 0.06 is what we have to contend with....this is all my own opinion and i urge you all to do your own due diligence as i have been wrong on many occasions and i could easily be wrong this time as well