Buyout
in response to
by
posted on
Feb 08, 2008 06:40AM
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who wants a buyout, anyways? Maybe in a couple of years. What are you looking for 80 cents? This is a ridiculous notion.
There seems to be a general lack of patience out there at the moment. The market is the worst I've seen it for juniors ever. I mean, considering that gold is pushing $1000.00, these juniors should be in the flippin stratosphere. However the subprime crap has repriced risked in a very negative way. Investment money is just not that interested in anything risky right now.
However, project down the road 8 months or so. I suspect the markets will have become more clear and suddenly you'll have all that money that was dumped into bonds and pulled out of equity markets flooding back in, looking for bargains.
TDC has also been hit with an extraordinary large amount of cheap warrants expiring recently which has also hurt the share price. I won't comment on the wisdom of issuing so many of those warrents with expirations so close together, however, JP's influence has ensured that we won't see this happen to that extent again.
So again, jump to next fall. Perhaps Indian wedding season. Gold starts moving and this company is building on results from Big Sky. Building on the PEA. And the market has all that money flowing back. Appetites for risk return...
You want to see a buyout now? That's nuts! Worst time ever. Why even ask such a question... Makes me wonder if Dullard has infilitrated the board :)