Re: $4 buyout rumor.. HBM's options
in response to
by
posted on
Jun 06, 2008 06:34AM
Recent Results Include 6.69% Copper Over 71.69 Metres and 3.74% Copper Over 21.77 Metres
I just can't see HBM making a buyout offer. Fact is they have the option to earn a 60% position for peanuts. This would only leave them with 40% left to buy out if they chose to do so. It would not matter who was in management the smart and low cost option of the right to earn 60% just by throwing in some drilling dollars is already on the table.
I would love to here that HBM is taking on the 60% as it would just go to validate VMS's potential and that alone should keep the SP strong.
Otherwise I'm thinking some good visuals or drill results. If this is true it is amazing how leaky the Stock market it.
Good luck everyone
DL