RE:RE:RE:RE:RE:RE:RE:Crazy Market Valuation To be in or to be out waiting for a better entry point . That's the big question .
The price average of the last 3 months is 6.50 cad . This is the base to calculate the premium in case of an offer on gcm . Assuming a classical 33 % premium it makes the company 400 mil usd . (8.75cad. ) ..a steal .
So right now this is a fantastic bargain for any buyer . And whoever is it , he has no risk .
I do not see any the small shareholder accepting such a price . So the buyer can stop there and return to home , or give 10 or 20 %.....??? ... much more . ?
Dream ? . No one wanted guy .... and at the end suddenly , 3 miners made counter offer on counter offer . ...guy was sold just 6 times its price .( In cash please )
.. when things of quality are very underpriced , the appetites grow ....
So in or out ? The answer ( for me )is clear ....
--))