Arcan Resources Ltd ARNBF

what about CPG dividends

[manic]

I agree 3.50 is optimistic , will these bumbles realize they could take $2.75 and start getting 7% CPG dividends . $3.50 does seem high unless management knows something we don't. Nobody gets NAV anymore.

[wordless]

Anything under $3 and they'd get competing offers pretty much guaranteed.  While I agree the debt is high, they did build needed infrastructure that has value to an acquiror over and above the current production levels and the current 2p reserves in the ground (Reserves will increase in the new year).  My crystal ball tells me they will run the course through to 2013 and unless