RE:The $3 "tell"?Quakes:
RE:"With current analyst predictions of a U3O8 contract price of US$60 to $80/lb in 5 to 10 years, does over $3 per share seem realistic for a low-cost open-pit, shallow, high-grade resource? Actually, it seems low to me but we have to be realistic and start somewhere. ;-) Time will tell... Stay long and prosper!"
I have always assumed/speculated that a CEO SHALL not discuss PPS is a private or public forum. However, I'm also speculating that at the very least he must be using a number approved by his legal advisors and or Dundee advisors.
Taking this the next step. I believe that there must be the long standing credo here and that is "under-promise and over deliver".
I'm speculating that his $3.00 as a "base" bid. In that they will "duck" any offers starting below $3.00. While speculating is always fun; target prices whether the offer is cash, shares or a combo is never even close to general speculation.
FWIW
Cheers
Stanley
Speaking about tells. The weekends and afterhours posts vis a vis the count of naysayers.. could this be another, "tell" ?
What is interesting is to assume that these are paid bashers how much will their handlers benefit if the shares that they shake (at say $1.20) will fetch a minimum of $3.00. Is there a payback. So even the naysayers understand the concept of MARGINS.
FWIW
Cheers
Stanley