Post by
nozzpack on Dec 21, 2022 4:49pm
Scrooge Again but…….
It's looking like we will have an offer to go private based on trade station data showing continous knee capping of the share price , and long term accumulation of shares which continue as we speak.
I have just had one of my investments taken private .
Fair value was independently assessed and above the offer by about 25%
I felt the offer was decent given non technical issues, So I am voting for it..indeed a great Xmas gift.
Here, Somethings gonna give in the first half if not the first quarter of 2023.
It probably will be before we see the post commission resukts of the FP...as that could reallly drive fair value upwards .
Next door we have CNMC as an excellent proxy trading at 2 times book.
That will constrain any attempt to screw the price down too far.
$0.25- $0.30 seems attractive to most .
Speculatively, of course.
But, in no way speculative, I wish all of our long suffering shareholders a wonderful and gifted Xmas, even tho Scrooge continues to lighten our stocking....and apologize for any of my undue commentary that Scrooge seems to bring out in us year after dreary year.
N
Comment by
tsoprano24 on Dec 22, 2022 8:58am
Reasonable assessment. Merry Christmas to all. T
Comment by
SilverNS on Dec 22, 2022 3:08pm
Merry Christmas to you all