Re: What's next...
in response to
by
posted on
Jan 12, 2012 12:57AM
Keep in mind, the opinions on this site are for the most part speculation and are not necessarily the opinions of the company WITHOUT PREJUDICE
Well, in theory. If you had a stock where all the shares were held long and there was only 1 share of the float to trade with. A person could trade that 1 share back and forth to themselves in two different accounts, and work the stock price from a penny to oblivion. This is whats going on with us now, Anon is working the stock up and down, while he has other houses scooping up shares. A classic tree shake, someone wants these shares bad, to do this on a venture stock with so much power behind them. If we hold strong and don,t sell a share, he will be forced to keep raising the sp to pry out shares. After he cleans a particular price range, he will set another price range and try to pry out more. Then they will do a sudden drop in the sp to see if they can scare anymore at lower levels.They repeat this process over and over til they get the amount of shares they desire. They make money shorting,trading and make it on the accumulation, 3 ways. The accumulation is their biggest reward though, because in theory a stock can go up to infinity, but when you short, you can only make 100% on a full trade. So lets say they accumulate at an average price of $1 on us and this goes to $100, nice profit hey!
That is why I think they want these shares, go long and hog told us a long time ago that this day would come close to the end, guess what, they were right. We have to retain our strength by our voting shares in case this is an attack before a hostile offer. A hostile takeover would have to have shareholders tendering 66% of the total shares to the offer for it to succeed, then they got you. The other 34% would get wore down if they resisted, so they usually tender to the offer.
With us,where maybe around 70% of the shares are being held long to the end, its no way a hostile bid could succeed. But, if they could accumulate enough shares to the 51% level,then they have a chance of getting the bid to succeed by pressuring or what ever to get more voting for the offer. By us remaining strong around a 70% level, no body can take us out this way on the cheap, and we can get maximum value for every shareholder. So,instead of us having to settle for lets say$10 a share, we could hold out and get $100.
This may not be whats happening here, but you never know. It would be sad to see anybody selling this stock right now under $2 only to wake up the next morning to see the stock bid sitting at $10 the next morning, and you have no shares. Because a $10 offer surfaced overnight.
We pretty well can estimate we may have 4 million ounces gold mininum on our Peruvian properties right now . That would give us $400 million worth if a suitor offered $100 speculative ounce in the ground right now. That would equate to around $3.50 a share. We know the world is hungry for gold, and if this turns out to be as big as we think, there will be some drastic measures taken to try to buy this company out as cheap as they can.
This is in my opinion and everyone make their own decisions on what they want to do.
Good night! see you here tomorrow!