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Strategies & Market Trends : Ride the Tiger with CD -- Ignore unavailable to you. Want to Upgrade?


To: Rocket Red who wrote (60358)8/31/2006 10:30:42 PM
From: loantech  Read Replies (1) | Respond to of 312749
 
I bought POM the last few days. In country. <g> See link to Proteus capital report on my thread. Very big resource all drilled out little risk.

See ya tomorrow. Hope MMGG goes. Been in Boston not posting a lot. On the plane all day tomorrow.



To: Rocket Red who wrote (60358)8/31/2006 11:21:08 PM
From: Claude Cormier  Read Replies (3) | Respond to of 312749
 
Yes...

Since BUF has almost 2X the interest in Mt.Kare that MMR has, we would need to see BUF with almost 2X the number of shares that MMR has for their stock prices to be in the same range or MMR exceed BUF.

Even counting the 17M Buf will have to pay for the deal, I cont thatMMR has 36M and BUF has 55M fully diluted.

But let say that MMR shold continue to utperform for a while assuming similar drill results.

I think.

But because BUF will eventually end up with the cake, there will be a lot of players very active on both take advantage of the price diferential. It will become more complicated if MMR gets good numbers on Lewis.