Post by
Goodbadandugly on Apr 12, 2018 5:25pm
Schmoby
In the end we all come together with the same "bottom-line": I dont really care who takes it over, as long as there is a good premium- I agree of course. Having said that, I would prefer ELD over PRB- funny, its like those parents who think their ugly kids are the prettiest!
-ELD has what PRB doesnt have, but will need BIG-time when they develop their properties-
C-A-S-H, and lots of it! $500 million vs Prb's 30 million? Oh boy, thats ALOT of dilution for
PRB shareholders (puts Prb O/S at 500m already) and we havent even started.
-Also ELD has the fully permitted Sigma Mill and MIne all up and ready in Val-d-ore, how much would that cost PRB?? If they ever wanted to produce anythin.... Oooops, MORE financing and dilution!!
Eld has production which equals access to more financing- PRB has to go to the trough for more money.
-Eld has tons of advanced projects everywhere they could sell and get big money for, Prb is scrambling to get a foot-hold in one region.
-and how can ELD be a good take-over target in one breath and a p-o-s in the other?? strange
valuations.