I think the fact that an offer is forthcoming is positive. FROM MY perspective at least.
I bought in at the end of the pp at .39 so I'm well in the green. I bought a decent size position and have added a little since. The fact that WTG is a BS company is fine as any offer they make will need a 2/3 majority to pass. They will also put a "sale" value on CMM which tells any other mining company looking for an aquisition what the starting price is.
Think of it this way......If you want to buy a new Toyota Camary and you know they cost 20 grand. You need the car and your close to a buy decision! then you hear there is a dealer that has one for sale for 10 grand. You go there and another purchaser is saying he'll buy it for ten. would you offer 11? .....you need the thing! You were willing to pay 20! would you pay 13 if he bumps your offer of 11? It's still 7 grand less than you were going to pay?
Is it not true that many mining companies are actively looking to increase their reserves? Why would they allow a competitor to buy something under their nose for half price when they need and want the same thing? It doesn't make sense! Based on my DD I think this company (CMM) is worth about $1.30 a share.
A good friend of mine who spent a very successful career in sales told me once there is no such thing as an item not selling for it's fair market value if that item is properly exposed to the market and for sale for it's real market value.
WTG looks like a bunch of nothing......so what! It will bring real players to the table who won't let free profit slip through thier fingers in favour of a competitor. Makes no sense.
This will get the ball rolling!........carry
