OTCPK:NNDIF - Post by User
Comment by
Paykel2on Jan 12, 2023 12:58pm
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Post# 35218809
RE:RE:RE:more re. valuation
RE:RE:RE:more re. valuationI am a small investor who has held the stock through thick and thin over the last several years and by no means an expert.
Here are a few thoughts that I hope someone more qualified could comment on:
- The Institutional investors that have some clout called the meeting to replace the board of independent directors that would happen after this deal goes through apparently.
- The institutional investors are fighting this deal at the current offering, and it makes sense to me that they will try to jack up the offering.
- Regardless of what anyone thinks about the TD analyst, his high range on the valuation of Noranda is slightly less than $2 per share. Even if Glencore agreed to up the anti, I doubt it would be higher than that.
- Someone is buying after the news and price jump; can anyone figure out who it is or the motivation?
Can small investors collectively make any difference here? Or are we all blowing hot air waiting for the outcome?