Re: Question for Management
in response to
by
posted on
Jan 10, 2008 05:27PM
DP mentioned they would be doing some ground loop prior to drilling to better identify the targets....The importance of this is evident in that NOT missed totally going under or over on a few holes...... so it is prudent to get as definative a target as possible before drilling holes.
He mentioned that they will put out an update next week..... so some questions should be answered as to what progress is being made.
I'm more interested in a posible deal with NOT as this would eliminate risk in PRB ........ the relative share prices are just right for a deal.... Like I say 5 million shares of NOT would be a good deal from both perspectives..... My numbers and thoughts.
At this point in time we have bargaining power...... if we hit bang on both stocks will pop.
If we miss.... nothing happens to NOT and the price would tank to some extent in PRB
Not quite as much upside potential... but almost zero risk on the downside .... I think PRB would double on such a deal.
PRB has a stratigic location right now..... one that could get a premium at this point in time.......he drill is the ultimate truth machine.... I don't know the odds of success or the nature of the targets and the share price is agreeing with that perception.... Prime negotiating time.