TSXV:FCO.H - Post by User
Comment by
rljpon Mar 17, 2017 7:30pm
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Post# 25996274
RE:RE:Merrill
RE:RE:Merrillthanks for the info.
Just seems to me that they can sit back and put bids in much lower and let the market come to them is all. But they are choosing not to.
Or as a market maker somehow taking all bids in and running them through their house??
Anyway just seems like someone wants in and they are not exactly too strategic about it. And the sellers are literally lined up and willing to forgoe what you suggest as a good reason to wait for something higher.
Just interesting behavior.
As for valuation I like what you say but it will all come down to cashflow and EPS but the speculation build up will be good as long as we are truly in a new cycle for some commodities. Which I believe we are with regards to copper showing the way as it usually does.