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I wonder if they will actually come out and tell us something tomorrow to clear up all the speculation about the buyout and dividend?
Dovgan told him the buyout was still on? When was that? Thanks.
At $.07 per share the market cap is only around $20-25 million. So the real question is how much are the company's assets worth? If the asset value is there then the price will eventually catch up. But if the asset values posted previously were erroneous then we do have a problem IMHO.
Maybe someone should call Kartix and see if the deal is still on. IMHO.
This is a Russian pinkie. Much distrust of the company on the part of investors. Many remember the NDOL fiasco. It's "Show me the money" time now. IMHO.
I can't imagine why there would be a problem with the buyout. The buyer is getting a steal and the company can make some money in the short term. Your post sounds like a bunch of BS to me. IMHO.
So what does all this mean? Are we going up or down according to the charts? Thanks.
Jeremy is in California. Nice guy but doesn't return phone calls often. Don't think he is in the loop any more than you or I. Think they hired him to deflect phone calls from Martin and others. IMHO.
Please add me as well 2C. Thanks.
It looks like we're in limbo over the weekend. The story of our lives.
When are these bozo's going to tell us something? This is like chinese water torture. Everything they do moves at a snail's pace. Let's spill the beans and get on with it. IMHO.
They are not far apart now. I would guess they settle around $.60. IMHO.
Agreed. If that's how it's going to play out then let's get er done and move on. Good luck.
I am long but it looks like the flippers will take over again in the short term with a 2 week extension on the offer. IMHO.
They should at least shop the company to other potential buyers instead of just settling on this offer from the first suitor. What a bunch of !@#$%. IMHO.
See if they try another shake before close if we don't get a PR. Could be another buying opportunity. IMHO.
They already have an offer at $.38 which is much higher than the current market price. If you believe that then now is the time to buy. If you don't, then sit on the sidelines and see what happens. IMHO.
What is the status of the stock dividend? Are we going to get those additional shares or not? Anybody? Thanks.
That's exactly what I think will happen. The price they are offering is substantially below what they are worth. I'll bet that Kartix jumps on it ASAP.
It sounds like it's basically a done deal according to the PR.
No, unless it's a contrived way to take the company private as some other posters have speculated.
Looks like a shake coming so the offeror can get some cheaper shares.
My sentiment hasn't changed. $120 million offer for a company with $8.5 billion in assets? It stinks if they accept. We're getting hosed. IMHO.
I think investors assumed the company would reject the offer and the price would fall back to the $.05-.06 range. IMHO.
The other way to make the shorts go away and increase the share price without a buyout would be to announce a cash dividend. They said they were going to pay dividends previously. Is this a possibility as part of the PR tonight? Anybody? Thanks.
I would hope there would at least be a counter offer, even if the offer was concocted to get out of the American markets. No company ever accepts the first offer. IMHO.
They have said most recently that their intent was to uplist to the OTCB and get off the pinks. I would rather see that than get a piddly $.38 per share.
That's not correct. $4.5 billion of the assets are in above ground tailings that can be processed at a much lower cost. FYI.
They released the PR today to stop all the speculation about the offer price. They should have given the price with the original offer PR because it was so low. When they didn't do that, speculation ran rampant that the offer price would be much higher. IMHO.
Don't know yet. The company said they would announce who the offeror was at the close of the market tomorrow. Stay tuned.
I realize that fully. Over 50% of the assets are already out of the ground waiting to be processed at a much lower cost.
The company has assets of $8.5 billion and 319 million shares outstanding for a book value of $26.64 per share. Why would they even take the time of day to consider this offer? Beyond me.
They PR'd the price in advance of tomorrow's close to stop all the speculation. They should have announced the buyout price back with the original offer PR if it was only $.38 per share. Investors were expecting a much higher offer price when they said it would be considered at a special board meeting. IMHO.
The price would go north of $.38 without a buyout if they just announced a dividend of $.01 per share. IMHO.
There really isn't much to argue. Either the company, the Russian governemnt, and the auditors are lying and this is a huge scam or they have the goods and longs stand to make a ton of money. I am betting on the latter. Good luck!
They have $8.5 billion in assets that have been audited and confirmed by the Russian government and have been offered a buyout for cash. I don't know what else any doubters would want. If you wait until Wednesday to buy you will miss the party. IMHO.
I am sure that some people are nervous because of the NDOL buy-out fiasco. Just not trusting and Pinks are off the radar screen for others. IMHO.
The Net Book Value per share is around $26. Normally the buyout price should be based upon the Net Present Value of the expected cash flows in the future. Not sure what those numbers would look like. The fact that $4.5 billion of the assets are in above ground tailings should increase the price considerably I would think. Double digits would be nice but it may fall in the $4-$8 range. My 2 cents worth. Good luck.
The auditor will not put his stamp on them until they receive a confirmation on the assets I would guess. IMHO.
You would certainly think that would expedite things wouldn't you?