Shelcomm, by any measure ext, at it's current sp, is way undervalued - patience is all that is required to get full value. Unfortunately the word patience is understood by far too many to be a word used in the context of a week at the outside. Those who know the true meaning of it include those with deep pockets and sound knowledge of the ext story who are now shaking the "7 day patience" tree in the secure knowledge that they will in all probability double the size of their wad with very little risk in less than a year.
When fully JORCed using 600Mlb @ a low US$6 for lbs in the ground value it comes to US$3.6Billion - way below its current MC - so to me its all smoke and mirrors by the big boys doing what they can to prise grubby PIs from there few dollars - me I'll just sit tight with the true definition of patience until it all comes out in the wash and a deal is done.
EXT Price at posting:
$9.40 Sentiment: None Disclosure: Held
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