GREY:PORMF - Post by User
Comment by
basemetalon May 17, 2005 2:33pm
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Post# 9046007
RE: still waiting for my $1.30
RE: still waiting for my $1.30I too bought more just after the ex-date, so I really have enough , realising that it is now just a well financed explorer. However, I do agree with you that it very cheap, and IF existing shareholders in any number are planning to "plough back" their $1.30's, we could see it it move higher in short order. (That's why I was asking ).
I'm partial towards its erstwhile partner in Louvicourt; AUR. From reading AUR's quarterly, I surmise there is more cash flow to come from Louvicourt. Note for example that AUR has arranged to acquire the mill and other equipment, all of which would already have been depreciated out of the book value you used.