GREY:VITFF - Post by User
Comment by
dbbclbon Nov 24, 2020 4:35pm
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Post# 31963519
RE:RE:RE:lot of noise
RE:RE:RE:lot of noiseI certainly hope your speculation is right and we are staring a buyout in the face soon. Don't know about price range now though, as this team just does not seem interested in adding value. I am not sure reaching a certain production number is enough unless we are supported by some additional resource numbers: ie Raven. The sad part is if you are right, it is unlikely that the S/H's would reap the true value of the yet unproven resource due to the lack of drilling program, which could set the table for a significant increase in resources. The fact that the team has not even laid out any plans for a program and have indicated that they don't want to get their respective tootsies cold, that any program will not start until probably May. We won't see results until late summer. This means that the resource will likely not be priced in to any great degree on a potential offer in my opinion.