RE:Any chance of a higher stock price with a take over possibly
Possibly? But this is also at a time where both the companies assets are severely flaw (Black Fox permanently so). As I shareholder down a lot already I'm scared for earnings; market may overreact to what we already know will be a bloodbath. We have to put our faith in three things, once those are resolved we can talk takeover. A. Cut operating costs significantly at San Dimas. They're working on it but so far we're having labour issues . B. Work something out with SLW and or the Mexican tax authority. I'd call this stalled for the time being. C. Figure out something to do with Black Fox. That acquisition has been a nightmare. Maybe be time to talk cutting loses and getting out of it. Primero seems like a natural fit for Tahoe, who can raise the capital needed to run these mines much cheaper, and has proven management (cough Mast cough). The stock is being priced the same as a company with only exploratory assets, without mines. There is huge upside here is Conway can navigate these 3 issues. Down so much in a registered account I figure the risk reward is decent, so I'm sticking around.