Re: Then who's doing all the selling?
in response to
by
posted on
Apr 16, 2010 09:46AM
Edit this title from the Fast Facts Section
Sellers can be impatient investors who have waited for so long and on the eve of the final transformation of this company are bailing out. Investors like Metalore, if they have any shares left, the Fuda group, etc.
This company has a long history, and unfortunately not that good of a history. This must be purged.
Companies like Premier, Goldstone, are not miners by trade, they are explorers and good ones. At some point they sell to a major. Both CEO's of this company are very good deal makers and know what they are selling. Hopefully we will see some deals made this year, but next year for sure. Premier has already started to position itself to sell hardrock within the next 12 months.
This sale alone will give GRC north of $0.60 per share, about what it is trading for today. Brookbank will be sold sonner rather than later, so at 800K oz, at say a conservative of $80 per oz in the ground that will give the company another $0.64 per share. Then there is all that other undevelopped property, the mill and the licence that is not being valued at anything right now.
Whoever is selling, let them sell. this is a no brainer. Its unfortunate we have to wait a bit longer but unless gold goes back to $600 or less you will likely see a lot of deals done in this company and Premier.
These two guys know a deal when they see one. They wont miss it and let the opportunity go by, and they wont give away the farm either.
Sellers are selling based on the past not the future. I just want to say how much I appreciate the sellers action lately.