Post by
goldopportunity on May 05, 2018 10:45pm
Will PRB.v buy-out alexandria......
or do they plan on something else? I think we may know next week or by the middle of the following week at the latest. How do I figure this? Well, the last considerably high short interest for PRB was mid-feb. One look at the chart will tell you what happened after that. But what makes this last 2-week short data reporting period (ending may 1) for PRB.v especially intriquing were (a) the short sale trades, and b) the % total trades. The may 1 data shows (a) at less than half the mid-feb #s and (b) about 80% higher. So that means substantially less # of short trades were making a substantially bigger bet on the short side in the 2-week period ending may 1.
I'm thinking that these current PRB.v shorts are made by pros. They have rightly or wrongly calculated that "something" will adversely affect PRB.v's sp. Will it be an aquisition? A financing? Something else? We don't know now, but I think we may know before the next short reporting at the middle of this month, or else these shorts may potentially risk a short-covering rally not too long after that. Is this pure speculation??? Comments welcome. So we'll see what happens. Jmvho.
goldopp
Comment by
Currower on May 06, 2018 6:59pm
I don't believe the BOD would consider it unless Probe was offering over .25 a share. Probe's stock would drop like a rock on the announcement and long suffering Alexandria shareholders would get a dog's breakfast. I don't believe it.
Comment by
biotechguy1 on May 06, 2018 11:14pm
Well good luck with those thoughts ...
Comment by
Goodbadandugly on May 06, 2018 11:47pm
Thats all they are, thoughts......Im invested in azx now, just waiting to see what happens....hopefully soon we will have some news before the thoughts get crazier !
Comment by
biotechguy1 on May 07, 2018 8:01pm
Currower That was my point...PRB is frying other fish right now....I doubt a paper swap / merger or anything is on there mind. Don't have to think about the neighbors since they hand us 70 % of Cadillac Break and 210,000 ounces and all we have to do is find a resource and prove it up 7-8 million bucks. At least I think so.... GLTA
Comment by
RYUcan on May 07, 2018 8:14pm
I agree PRB will be focused on the task at hand which has great upside. Just a thought, if something has been happening as of dec for PRB and they might not have asked for it but is it possible a bid for PRB by one of the big boys? Call me crazy but if Goldcorp was to take out PRB due to a possible AEM takeout of AZX? Little bit of a battle for some prime properties? JMO.
Comment by
biotechguy1 on May 07, 2018 8:29pm
Don't think anyone is ready for a buyout....maybe if PRB hits high grade on Detour and accumulates 2.5-3.0 million ounces in Val dor...maybe. Doubtful....but whomever buys either one will most likely speak with both ! GLTA
Comment by
Currower on May 07, 2018 9:48pm
I see that as much more of a possibility. I don't see the Bod accepting a Probe offer. A takeout of both by a major is more likely. The positive for me is that within a couple of months everything will finally be resolved. GLTAL
Comment by
goldopportunity on May 07, 2018 8:36am
Hey BTG1, Currower and GB&U -- thanks for your relies. It'll be interesting to see what happens to both alexandria and probe in the next couple of weeks. Glta. goldopp