GREY:CLLZF - Post by User
Comment by
rehsifylfon Jan 09, 2014 4:46pm
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Post# 22075704
RE:RE:Closer than we think
RE:RE:Closer than we think
Well. Fair price is the market price, because that is what people are willing to pay today.
That said - most current owners aren't willing to sell for .20 cents, and they would have to agree on the price. At this point, if an offer came it at 50 cents, I expect the sale would go through. The key criteria would be, how much money the buyer has. They need to have deep pockets to fund the expansion etc without having ot tap financial markets. Thats going to cost them alot more than purchasing the company.
If CLL had $200M in the cash right now, the share price would likely be 50-75 cents because I think most could see that they can get to B/E cash flow + with current facilities.
Buyers have been sitting and waiting to see if they can get the assets cheap in liquidation - probably westface would be a big player in that. But if it looks like they can eek it out for awhile, a buyer might step in. Thats my take on it anyway.