ACL Profit_Weasel
re: TGB Yes, I haven't found any nasty surprises in my DD. Should be profitable in q1 and have a nice upside. However there is persistent selling, no matter what happens to the price of copper. Moly bonus isn't taken into account either.
So maybe someone inside knows something about the operation that we don't OR the projections I have seen and used didn't take into account some change in the operating cashflow.
But I still think the seller is someone paid in shares by Hunter Dickinson that wants out now. Mine is operating, first copper shipment went to Asian refinery and first shipment of moly is due to leave in January. Good news should be close. q4 ending 12/31/04 will be a loss but q1 ending 3/31 should look very good with first moly shipment.
If I was paid in shares but had read some article about copper diving back down in price, I would likely decide to take the cash and run if I had several hundred thousand shares. Sellers who are paid in shares are not likely to be stock market geniuses. They just want their money. period. They have heard all the stories about profits but they have already provided services and may need the cash to keep their business going or pay bills. Don't know and probably won't until its too late if its bad news and won't care if its good news. Bobwins
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