GREY:GIXEF - Post by User
Comment by
2investorknoton Dec 13, 2015 5:30pm
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Post# 24381356
RE:RE:RE:RE:RE:RE:There goes my investment?
RE:RE:RE:RE:RE:RE:There goes my investment?
I agree moonshot5. I also would have figured that they would have done a merger in the past. With a projected After Tax IRR of 27.7% and a After Tax Payback Period of 3.2 yrs., you would think they would have been an attractive target, of course, that was based on 2013 figures with copper at $3.44, gold at $1,286 and silver at $23.68. I believe managment always wanted a little more than what the market forces were willing to pay. I'm not sure if it was a case of greed or simply bad timing/luck on where commodities and the capital markets were heading that brought us to this current situation.
At this point, like you say, its a case of "survival without massive dilution and warrants that go with it."