Re: Fundamentals
in response to
by
posted on
Mar 06, 2011 04:10AM
Ipanema, glad to hear that my writing was useful to you and you were also adding. It was certainly cathartic for me to share my thought process.
While nothing would truly surprise me, I find it unlikely that something is NOT going to happen this coming week. My sense is something big IS about to happen.
I think we should remember we are dealing with multi-billionaires here from one of the fastest-growing, oil rich emerging markets. Finisky in fact through Intergeo and Polyus is actually directly partnered with THE richest man in all of Russia now, NJ Net's owner Prokohov. The thought that keeps coming to me is : Do these guys really need to penny pinch here? Or should they just secure the key asset to legitimize their growing "mid-tier."
I think it's unlikely the tiny blip up in market cap of CMM has achieved in anticipation would change their overall strategy. I am thinking however that since we have run up to .76, it might take off the table the lowball offer that values CMM at .90 and we might be looking at 1.00+ as the new lowest possible initial offer since .90 is really not a significant premium to .76 and .90 is guaranteed to be turned down by every retail shareholder that has any inkling of knowledge as to what their shares are fundamentally worth.
My guess is on or before March 8th this Tuesday something big will happen that will affect all CMM shareholders and make us the temporary center of the junior mining world. In most cases, this type of attention is bullish.
The big question is of course is exactly what is going to take place. The good news is we don't need to wait much longer to find out.
Cheers,
RE