posted on
Jan 07, 2015 06:00PM
Solid foundations. New horizons.
Message: Volume!!
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Pretty much due to cross trades. But still a good sign, hihger volume and increasing share price. 3,25 gives PRB a mc of about 350 mio CAD , wich is not cheap considering the current deposit at current market prices. But let me say to things. first, there is so much more dril risulls coming an many guessing that the large delay in drill resul releases is due to a certain reason. Of course there is still so much potential to find more gold and to increase and improve current resoure estime. Second its allwas been the same. There was a good company around with great deposit and lots of people were asiking why is that deposit so expensive compared to what we go. Ours is pretty similar and at least as good at urs. That depends on diffrent aspects of course, but most likely reason should be that this deposit is gonna be sold not that far away. There have always been those trading pattern when a junir got bought out. In my opinion, same negotiations are going on behind closed doors and of course there is alsway a leak (not a big one in this case)
I fore one would be pretty happy if we get a trading halt the next couple of days and some major (would be even better when Argico would't be the bidder) comes along with a offer and we get a 60% perium on top. So finally we would get about 500 mio, or a bit less than 5 bucks. Even though there is much more potential, we would have the cash now and could reinvest or buy some houses and cars.Buyout would make many many investors very rich.
Just my 2 cens.
Its gonna be a interessting trading day tomorow.
Best Pash
5 Recommendations
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