Re: Bendover TRR Retail
in response to
by
posted on
Apr 27, 2012 10:24AM
The TRR news couldn't have been better for PRB. With the share prices of the juniors so low, IAMGOLD is getting a steal buying TRR. Imagine PRB being sold for a 40% premium or say $1.68 off of yesterdays price...that would be awful. Instead IAMGOLD has propelled all junior golds forward this morning. IAMGOLD is also signalling to other mid-tier and large gold producers that time is of the essence so if they were looking at acquisitions they should put it on the front burner. All of this should help PRBs stock in the interim. Give Dave enough time and he will come out with addl assays, a new 43-101 and a PEA. At that time hopefully the stock will represent the true worth of a company that at that point will have maybe 7 to 8 mil ounces and lots of growth potential. At that point an offer for the company will be welcome.