GREY:DRGDF - Post by User
Comment by
Tomkinson Dec 12, 2018 11:14am
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Post# 29103289
RE:one more sleep until the board gets punted
RE:one more sleep until the board gets puntedIf Paulson gets what he wants, the share holders will get punted also. There is only one result that can happen if you try to sell a gold company when gold stocks are at their low. The company is bought at a bargin price and Paulson knows this. If a much larger company buys Detour, the positive price action could be well muted as a much larger operation may need something more substancial to move it's price, where as Detour as it's self would not.
I am also upset with the board at Detour and they are responsible for this mess, but if the USD is starting to weaken which it has been doing since 1985, then that would be positive for gold, and if gold has moved up in , say 5 months, would it not be better for the shares holders, as they could get more money for their shares.
What is better for me, is to receive 16 to 18 dollars a share vs getting only 12 or maybe 14 dollars a share.
Paulson knows all this, and you can see that Paulson has not done well investing in the last few years. If you look this up, you may be surprised.
Is this a case of the blind leading the blind.