Consider this a gift, your chance to hit it big.

[mobro]

down to 5.60 right? do you still expect it to go up $30-40?

 

[jokerswild]

down to 5.60 right? do you still expect it to go up $30-40?

yes

 

[leedj]

yes

could you share your theories why? share your inside knowledge

So far i suspect:

a) good yeilds of high value metal
b) Low existing share price - good for takeover?
c) Xstrata PLC being based only 20 miles away being the obvious choice? http://finance.google.com/finance?q=LON:XTA

My question is also, what effect would Xstrata's recent bid for LionOre have on a takeover?

http://www.forbes.com/markets/feeds/afx/2007/06/08/afx3801770.html

 

[mobro]

5.33 today, any body want to guess how far down it will go?

 

[jokerswild]

could you share your theories why? share your inside knowledge

So far i suspect:

a) good yeilds of high value metal
b) Low existing share price - good for takeover?
c) Xstrata PLC being based only 20 miles away being the obvious choice? http://finance.google.com/finance?q=LON:XTA

My question is also, what effect would Xstrata's recent bid for LionOre have on a takeover?

http://www.forbes.com/markets/feeds/afx/2007/06/08/afx3801770.html

You are dead on bro, nice to see someone actually doing some research, you asked about Xstrata's bid for Lionore, well guess what, they got outbid by Norsilk mining, so Xstrata still has a need for more property and a pocket full of money to spend....

 

[leedj]

You are dead on bro, nice to see someone actually doing some research, you asked about Xstrata's bid for Lionore, well guess what, they got outbid by Norsilk mining, so Xstrata still has a need for more property and a pocket full of money to spend....

Thanks - i just hope that it works as simple as we make it sound!

 

[jokerswild]

Some upward movement today with heavy buying going into close,lets keep our fingers crossed....

 

[jokerswild]

Closed down today BUT, Dundee just put up $28.5 million for a private placement of 5 million shares, 3 million at $6 and 2 mill at $5.25, big players don't put up $28,500,000 because they think the stock is going down, the money will be used to expedite the drilling process, which in turn will bring the buyout that much closer, needless to say I have not and am not planning on selling a single share until the takeover.......

 

[leedj]

Closed down today BUT, Dundee just put up $28.5 million for a private placement of 5 million shares, 3 million at $6 and 2 mill at $5.25, big players don't put up $28,500,000 because they think the stock is going down, the money will be used to expedite the drilling process, which in turn will bring the buyout that much closer, needless to say I have not and am not planning on selling a single share until the takeover.......

What i'm still not understanding, and you will have to forgive my thought process on this - wouldnt todays news improve the pps rather than force 'nervous selling' ?

Mine are still in

 

[rsnoble-im-back]

5.33 today, any body want to guess how far down it will go?

It's not going to make any huge jumps until something for sure happens. Still $3 to $5 is pretty good.