Nice move in PM prices on Friday.
A bunch of drivel on forum lately.
drnois, are you frigging kidding me - Bre-X? Scam? As much as you might have been "thinking", one has to wonder why on earth one would expose such thoughts? As you might or not might be aware, regulations came about due to that fiasco, namely 43-101 reports et al. What Orko has is real. Nuf said.
With respect to the big blocks that have been put on the ask, IMO it is blatant accumulation - keep the price n check.
I agree with the notion that it would be preferable to have a higher share price to justify a higher take-out price but it certainly doesn't preclude getting fair value for our asset. Management knows what our deposit is worth as do our suitors and if it requires a 200%, 300% premium to our currently surpressed share price, then so be it. If we don't get offered what we are intrinsically worth, we wait it out. Yeah, yeah, the sooth sayers will spew drivel about the dilution required...
Ultimately, this has to be a win / win gig for all. Hopefully there is some give and take on both sides.
There has also been concerns raised about the fact that some our resources are in the inferred category. There have been various takeovers within the last year whereby the acquired company has had a lessor percentage of indicated vs. inferred resources. Certainties are paid for! Those who wait for Inferred to become indicated, those who wait for updated PEA's, those who wait for Feasibilty sudies, pay for them. Pick your poison.
A couple last points:
Well spoken CarterZ21 - I concur, there is a lot of noise.
And I concur ihammy, we have an extrodinarily rare deposit.
Finally, I'm going to paste my snapshot. (One with PAA's pricing formula - last updated November 13/12 and one with current PM prices) Please note that I have not updated my model to reflect the fact that Mr. Cope stated we have 240MM mineable ounces vs. the 264MM stated in the updated resource.
The goods based upon PAA'S pricing model:
The goods based upon the current prices of PM's: