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Gold/Mining/Energy : DISCOVERY BOARD ~ PRECIOUS METALS ENERGY URANIUM OIL -- Ignore unavailable to you. Want to Upgrade?

To: DrBill who wrote (4425)	10/27/2011 12:06:10 AM
From: PaperPerson	Respond to of 4690

Re SEM, good thiught and thanks for posting it If this scenario turns out to be the case, SEM would double from the present 15-16 cents even without CRJ moving up.

To: DrBill who wrote (4425)	10/27/2011 1:09:14 PM
From: PaperPerson	Read Replies (1) \| Respond to of 4690

i like SEM at 16 cents and i am averaging up. the market is giving away the spinco right now. one announcement could change that. even before we see a separate spinco stock, SEM's management could structure a deal that sells the spinco to churchill resources, which already offered $4 millioin cash for tartan lake godl project, which is spinco's main asset in addition to 800k in working capital coming out of the claude merger.. if you figure spinco for 30 million shares, that potential acquisition by churchill of the whoel thing would leve us SEM shareholders with 16 cents just from the spinco buyout. That is in addition to what the market is now pricing, which is exactly what the 0.789 of a share of claude is worth. the downside risks are: a. whole deal falls thru, which seems unlikely since they have been tlaking about it since july's initial offer by claude. b. gold falls apart, bringing claude down hard and SEM along with it. right now the momentum on gold is up and claude at two bucks is still very cheap compared to the undigested information we know from studying it. namely, they now own 100 percent of an open pit that has wonderful potential, and which they have been purposely dragging their feet on until this SEM deal was done. also, claude has as of yet made no real effort to even explain how rich madsen is going to be, where they have 1 1/2 mm oz of relatively high grade underground gold already outlined THAT WE KNOW OF, where they are now drilling from down deep inside an already rehabbed deep mine shaft, and where they have an existing permitted mothballed mill that i hv been told by their flack is no big deal to get operating again. and seabee is coming up roses also and that is not only in production but about to ramp up. so claude is still my favorite gold junior, and SEM is turning into a very cool way to backdoor into some of the common.