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Message: Re: POG - Food for thought
POG

Nov 25, 2009 09:34AM

Nov 25, 2009 09:50AM

Nov 25, 2009 11:43AM
1
Nov 25, 2009 11:57AM

Rook, once they get can't control this as much as they want, they will seek a dance partner who might make an offer for the company.

a near billion dollar market cap could suggest that it might be the right time to make the offer, before those drills turn out more glory holes, which could start to become the norm for this company.

Who would say no to a 7-8 dollar offer? Is that reasonable at this stage considering the potential?

Why would Dundee settle for $7-8 when it looks like this company could be worth $20+ as an operator producing 250,000+ oz /year? This may have been a tax vehicle for WBN, but plans can change. I don't see them leaving money on the table just because of some bloody-minded 5 year old plan.

1
Nov 25, 2009 03:10PM
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Nov 25, 2009 08:51PM
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