DRS your sentiment appears to be one of a laggard. The mining industry has fallen hard in 2012, but the trend indicate the darkest days could be behind us.
The XMO - Materials Index - has recently popped its head above water for the first time this year, and this bodes well for a recovery of beaten down mining stocks.
My sentiment is based on why I think a company/country would want to buy Sundance. They don't want to buy it because of the entry price.
They want to buy it based on the overall economic (&(political) benefit over the life of the resource. This will amount to many, many billions of dollars & other intangibles.
It's all relative, 2 Billion sounds big, but in the overall scheme of things it may not be that much to a potential bidder.
If it is as simple as you say
**wow.... a company that owns nothing and makes no money with a market cap close to $2billion dollars!!**
then no one would even be bothering with it, and you wouldn't bother holding it.
45c less 32.5c = 38.5%, page-11
-
- There are more pages in this discussion • 35 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)