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Polymet Mining Corp. Message Board

  • fingerholer fingerholer Jun 27, 2013 3:15 PM Flag

    Who needs the rights?

    If I want to buy this stock again I'll be buying for a lot less than the rights price. No doubt. .66 is the 52 week low. I'm pretty sure it's going a lot lower next week.

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    • I suppose you are correct, or at least fear that you are. My thinking was that if the price drops below or near .66 before the rights deadline that people would abandon their rights to Glencore and start buying at market price, though that would maybe support it close to around .66 or just below. Then when Polymet announces the rights period is closed, and by the way, we have the EIS being published, I would have to hope to have gotten back on board in time if it is going to start a run. Though, could probably get back in fairly quick and it might be worth the sacrifice to protect against some really low price in the fiftys at which point, how far would Glancore be to just taking over the company by snagging a few more shares?

      Sentiment: Hold

    • It pretty obvious this was going to happen. Who knows how low it will go.

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