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mjkiii

10/09/12 2:50 PM

#17601 RE: gabbs #17600

gabbs, nowhere do I hear 'selling' or 'sold'!

I guess I am the only one on the board that thinks the company is not for sale. I do know people who are buying aggressively at these prices based on fundamentals and the extra leverage that we have with Inmet due to their conundrums. Those I talk to believe there will be a "deal", but that it will not involve the sale of our Panama assets. Getting the rating that we did on the bonds was a big step forward and I think the PP will close soon. So I do not believe there is a buyout in the future.

Having said that, I would not be surprised to see our share price climb into the area forecast by Zacks, but maybe not until late January or even April. But then again you know I am known to be very poor at forecasting share prices. By the end of April our leverage, Debt/EBITDA should easily be 5X and we will received the promised upgrade of the bonds from Moody's. I don't see much more downside risk from this level than I did when we were at $0.35 in August.