commentsThanks for comments guys
-so few replies at times
Don't mean to say to choose a selling price ,just what I think stock may do short term and
didn't want to over-do the optimism
One could take a chance and trade in and out( retrade 90% of position) but
might miss ultimate move ( and any news from S america in between that gives a pop ).
A buy out might take some time - 9 to 18? month's.
I think PD would wait as development proceeds.
Depends on how much/good the free carry Lundin Holdings possibly has.
( How much developemt share they have to pay and hence how fast they would like to cash in)
Although , A L is smart , I expect he has a good agreement (terms) with PD.
( some day it might be released )
Don't see any rush by PD as the have about 55%? and would just be after the L H 24%
as the project advances and ( operations ) proves up ?
Fungurume was a producer 10 to 15 years ago I think and Lundin was trying to improve on
the deposit size and efficiency , so it needs some more work but could also proceed quickly
(ie not grass roots)
My $10 and 3 are just guesses. I could be out a fair amount and is worth more?
Haven't seen an NPV on Congo ( if a pre-feasibilty was completed years ago).
I think some others on the thread may have some info?
Yes my comment on brokerages (lack of reports) was actually just a subtle shot at
most lame brokerages. And to elicit a response from anyone with info on value.
Ha, They likely wait for a blessing from value investor Rick Rule,
at the peak of the market - bet he bought under 90 cents )
About 7 to 9 years ago TNK had a good( high) run - before force majeure and the rollback
DeadFred - meeting coming in Aug ? Cool
And PD near high - $110 ish .
I was so close to buying calls on PD when it was in low 80's a couple of months ago.
And I listened to Cramer about that same time who said mine commodity boom was over and so I passed.
At least I heard him apologize ( specifically PD ! ) for the bad "call" the other day!
Good investing , U