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Richmont Mines Inc. Message Board

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  • mohonri28 mohonri28 Dec 5, 2008 2:40 PM Flag

    Management priorities

    w,

    In today's world, the price of the stock has little relationship to the value of the company.

    Oil has gone down 66%, and we are still fighting wars over it!!!!

    The idea is to buy low and sell high, not get caught with so much debt you need to sell low.

    mo

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    • Mohonri- In today's world, (as you put it) $1.15 per share earns management a failing grade.
      Not even close to average performance.

      WHAT? Net value $0.10 per share absent the cash?

      While not a math whiz myself, I think 10 cents is less
      than what they're giving to PAT.V shareholders.
      Right?

      Wonder how you think management is doing a fine job?

      • 1 Reply to whiteschristmas
      • Richmont receives Patricia shareholder approval for bid


        2008-12-11 13:39 ET - News Release

        Also News Release (C-PAT) Patricia Mining Corp


        Mr. Martin Rivard of Richmont reports

        ACQUISITION OF PATRICIA MINING CORP. BY RICHMONT MINES INC. RECEIVES SECURITYHOLDER APPROVAL

        The acquisition of Patricia Mining Corp. by Richmont Mines Inc. by way of a plan of arrangement under the business corporations act (Ontario) has been approved by more than 96 per cent of the votes cast by Patricia Mining's securityholders at the special meeting of Patricia Mining's securityholders. Subject to the satisfaction or waiver of all other conditions to closing, including the approval of the Ontario Superior Court of Justice (commercial list), Patricia Mining and Richmont expect the arrangement to be effective on or about Dec. 16, 2008.

 
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