Re: Analysis
in response to
by
posted on
May 27, 2010 10:14AM
First Explorer at the "Ring of Fire" and presently drilling on the "BIG DADDY" Chromite/Pge's jv'd property...yet we were robbed
It is hard as Hoov says to value this all out. On a positive we are not trading at a discount to KWG to accommodate the 1.27:1 ratio.
The other positive today NOT is up .06. Probably a result of a positive day on the market but also perhaps on speculation they will enter with a bid.
Low volume tells me the market is waiting for a signal that this deal is still fluid and there is interest from other sources.
If we get that today we'll see a jump in the shares. If we don't then things will settle a little.
A