OTCQX:SREMF - Post by User
Comment by
edmedon Jun 21, 2014 7:56pm
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Post# 22683250
RE:RE:RE:RBI Takeout Prospect
RE:RE:RE:RBI Takeout Prospect
May I remind you that $1.40 is still only .47 CLQ price.
I highly doubt long suffering CLQ shareholders are gonna jump on .47 when many took part in the $1.50 CLQ financing. Luckily I didn't LOL
But having said that, even with averaging down.....if any longs still had the stomach to do that.....their average is in my estimation still around .50 CLQ price or about 1.50 RBI price
Which mean years of pain and suffering for Nothing.
I think it may take a higher premium to get longs jumping considering all they have been through.
This is not out of the question as long as Management can finance future endeavours from the proceeds of Li and Iodine sales rather than what we have endured for the past several years. ie
neverending financings, debt and the dilution of shareholder equity.
The Lundins have purchased stock in RBI which is a good sign
Dilution now hurts them as well
Always like it when Management gets into the frying pan with the rest of us.
edmed