Inmet is down to just two alternatives.
Arbitration possibility is gone. There is no question but that it could be dragged out several years. So now that leaves them with counting enough shares before 11:59PM Tuesday to gain control of the BOD, or making the 'friendly' deal. Market seems to tell us that the players feel that a deal is coming. Why would they buy hundreds of thousands or millions of share today that cannot be tendered to Inmet, all above $0.60? By the 15th we will definitely know how many shares Inmet owns. No report means that they did not accept the tendered shares and are returning them to the owners.
Lots of news coming soon, including preliminary numbers on Q2 before the Christmas break. January 15th MD&A should be the best yet. Those who have predicted a fall in SP next week should sell short today!! Please put your money where your mouth has been at take some large positions. Please....Please....the short numbers Geico reported are way too small!!
Steve Ralston from Zacks again refers everyone to the metrics they have published along with the guidance that requires them to up date their target each time reserves change. It is a clear calculation and gave us an additional $0.05/shares. As reserves move up to M&I and P&P there will be more up dates. I know the concept of using objective metrics is completely foreign and not understandable to some posters. Perhaps you should do more DD on Zacks, and read their reports so that you will not be so lost in the wilderness. When the new LP numbers come out putting the pit back into the equation that should raise their target another $0.40 without much of a problem according to the math they presented to us in their report.
AI
