RE:RE:RE:Does management smell a take outI am watching closely as I wouldnt mind taking a small position but for all those who are punch drunk on speculation of a takeout right now, dont hold your breath. Most posters here sound like uninformed fools.
Large companies are accountable to their shareholders and nobody is making much money at these levels with no end in sight short term. There is a ton of drilling required here to make the lbs indicated before any offer will come in period let alone at a significant increase to now.
Should it drift closer to $1 I will look at buying but I wont be a bagholder at this price. More significant results may push it higher but that is the risk you take.
Where is all the money coming from the drill continuously and build infrastructure? A financing will be needed. They would be wise to do it now and likely will.
Sorry for raining on the parade with common sense.
LowHigh5 wrote: I agree with everything you wrote. But as an investor I hope they can hold onto this property,but you know that sometimes management does not have a choice when it happens. That is why to drill through spring is great.
As shareholders we know offers for sure will come, it will just be a matter of the amount.
Oh by the way, have you ever heard every thing has a price. Whether it is a car house or a uranium mine. he he he.