Re: posted by Snugs on SPQ - LTGold
posted on
Nov 28, 2007 06:48PM
If what was reported by the Snugs character has reasonable validity, the ETEM survey progress and consequent follow up on the ground programs being spaced out as is hinted at would help delay any initiation of an Auction. If it was to all go off in Jan. -March, then I could see the initiation of a bidding contest (WAR!!!) kicking off during Spring Thaw, but that would be early in terms of realizing maximum shareholder value. Thus the longer into the future that a bidding contest gets under way the better the reward to us long term share holders.
The Majors would definitely be supporting Share Prices in NOT but also many if not all the other area companies seeing as the winner(s) will eventually have to consolidate their property holdings to max in on ROI.
Old Joe