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Camrova Resources Inc V.CAV.H

Alternate Symbol(s):  BAJFF

Camrova Resources Inc. is a Canada-based mining company. The Company operates in one business segment, being the acquisition, exploration and development of resource properties. It has a minority investment in the El Boleo copper-cobalt-zinc-manganese deposit located near Santa Rosalia, Baja California Sur, Mexico. In addition, the Company intends to investigate and potentially pursue alternative project opportunities.


TSXV:CAV.H - Post by User

Bullboard Posts
Comment by mining_pays_my_billson Apr 08, 2014 9:25am
185 Views
Post# 22423867

RE:RE:Buyout or Mine Completion

RE:RE:Buyout or Mine CompletionWell, I wouldn't take that as any kind of indicator- KORES website has never posted any news about the Boleo project. Even last week with the conversion of debt into equity, there was no release by KORES about this. I'm guessing announcement is completion of the copper circuit. Although, if they wanted to buy us out now would be the time to do it. They wouldn't be inheriting any debt from Baja, and most shareholders (anyone who got in over a year ago) have been dissapointed time and time again, and have lost so much money here that they'd be happy with any kind of buyout. Kores could probably make an offer at 10 cents a share and shareholders would jump all over that, even though looking forward BAJ will be worth triple that in the next year. Now the risk is gone, construction is almsot complete, new project NPV exists (we've never seen it but we know it's very attractive because this project keeps moving forward), mine plan is set, dissillusioned shareholders, now is the time for an offer from KORES. And think of this- if Boleo ends up producing manganese, Kores will owe BAJ 13 million$, that's their whole market cap right now. Imagine if Kores already knows the decision will be to produce manganese, it just hasn't been formally finalised. That would double BAJ share price right there, and hence double (or more) the amount KORES would have to pay for BAJ share of the mine. Yes, buying out now would save them a lot of money long-term, if in fact 100% ownership is what they want. Anyways, just some fun speculation, not pumping, none of this could ever happen. Guess we'll find out in about 10 minutes.
Bullboard Posts