Re: buyout or nothing
in response to
by
posted on
Jun 06, 2008 04:59AM
What is Mcfaulds west worth?Can you put a price on it for an outright sale?Is 100 million out of the question?or is that still too cheap?Can Noront afford it without too much dillution to hurt their shareholders which most probe share holders also hold Noront.What can Noront afford to pay?
We are in Probe because of very low float,so one hit and were at $5 or $10,and that is a matter of when,not if.
All tests at MW lead to minerals near surface so we do need answers as everyone now had more time to think about situation.
Are they waiting for Probe to hit at Victory first as it seems inevitable knowing how rich that area is?To justify large payment for merger as would let Probe catch up in price.
Just a few thoughts to tare apart if you like.