Re: Price Manipulation
in response to
by
posted on
Aug 26, 2013 04:16PM
All I’m saying is that today’s price for Probe shares makes it attractive for acquisition target. I don’t want to speculate on what the price of gold will be down the road. All that mater is today’s price. Why should they pay $3, $4, $5…$7 a share when $2.X will take it all. I’m sure Dave and the Board have a price in mind for Probe that is much more than $2.X. To get a good offer they need more elephants in the room to bid on the price. If we move up to $3/share next month I will remain hopeful in achieving something in the range between $3-$4 /share. The longer we stay at $2/share the more I will inclined I will become in expecting an offer at $2.X/share. The constant selling pressure and the revised estimates from the analysts have reset my expectation for Probe. It’s a buyers market…..
The close at $2.05 is interesting but does it signal the end of the selling pressure. We have seen in the past that it takes little to slip back down. I need to see a ramp to $3/share before I change my expectations.
rosehill