OOPS redone reply to Christo
in response to
by
posted on
Apr 11, 2008 02:47PM
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Each time someone speculates on buy out, I come to the same issues. First, Dr. Webb is young enough that he will stay the course and wind up CEO of an actual producer. But, the current 5 properties lends itself to TWO mines. The first mine, at Ormsby, and the Second, at Big Sky, near the power lines. The big sky one is two years farther off than the first.
So I ask you all, if it is true that there can be two mines, with ore brought in from any places within 10 or so KM of each, then would it not make sense to allow a buy in / or a spin off of only one of these, and keep 100% of the other?
In that regard, selling off or allowing a buy in on the Ormsby one first, and use much of the cash to accellerate the Big Sky (assuming there's enough gold there, and there is) would be a reasonable proposal to this teeny weeny shareholder.
But I don't think that Dr. Webb would ever recommend to shareholders to sell it all off in one go. There is too much unrealized pottential in these holdings. So don't worry about a 100% buy out. Hope for a cash infusion buy in, or a spin off of part of the portfolio.
I would sell New York, St James and that other brown one for enough to put 3 houses each on the geen ones.... And if I could, also get the buyer to throw in one free landing on Boardwalk.
SKELEG