If TRQ cuts an agreement with the government to get the second phase going, I believe the stock will respond nicely whether RIO wants to gobble up the company or not. Rumors of RIO's interest probably surfaced because TRQ becomes much more valuable once a deal is brokered. Since the gov. has a stake in the mine and its success, I believe we may be getting close to a deal.
Seems like it would make sense for Rio to get control of the Mongolian mine they currently share with TRQ. From what I have read, if the Mongolian gov. gives the approval for the next stage of development, the mine could generate significant amounts of copper and gold. With metals prices currently depressed, buying assets now would seem to make sense.
Everyone who has been defending management's questionable practice of hiring a PR firm to pump the stock while insiders were selling their shares, is starting to feel the pain. I am not always right, but when a warning sign like this smacks me in the face, I have learned to step back and let the dust settle. I keep coming back to the basic thought that if GALE's prospects were as good as the PR company was saying, why were the insiders selling? At the very least, what went on with GALE had to make a serious investor begin to wonder.
The potential of this mine for Mongolia and Rio are clearly evident. If a deal doesn't happen now, it should only be a matter of time.
It would make sense for them to want to get the second stage of the mine up and running. From what I read, TRQ gave the gov. a revised development plan back in Feb. Mongolia seems to have a lot to gain if this project gets back on track, and I can see why Rio would want to take control of the whole project. IMHO.
Buying and consolidating resources makes sense in this sector while metals prices are depressed. When world economic growth returns, those with the assets will be sitting pretty. IMHO.
I believe the $8 figure is slightly higher than TRQ's recent high. By offering that amount, it would be an attractive deal for anyone who bought up to that level. Whether such an offer would have to be sweetened a little is debatable. Anyone who bought in the $3 -$4 level would be more than happy to double their money. IMHO.
All the info. seems to make sense. If an agreement has been reached with the government to restart mine work, TRQ value is much higher than the $4 an change it is presently selling at. IMHO
Could cut into your massive financial empire. Hey, I guess we are all human. Even you.
Frank, I notice how you and some of your cronies can't resist from throwing in your little racist innuendos in many of your posts. You may think that you are insulting the President or various minorities, but you are truly showing your bigotry and stupidity. Your comments are crude, vile, and offensive to anyone who has moved beyond the 1950's stereotypes that you cling to so desperately. Stop embarrassing yourself and just stick to giving stock advice.
Gale management will have some explaining to do. Promoting your stock is one thing, but if insiders were dumping huge numbers of shares while they were pumping, it should be a major cause of concern for those who bought the stock during this pumping period. If the stock was as good as they were saying, they should have been buying huge amounts on the way up, not selling. Sure sounds like the old boiler room penny stock tactics to me. Oh well, I no longer own the stock, and I won't consider buying back in until the legal issues are cleared up. There are too many other good stocks to invest in who don't get involved in scenarios like this. IMHO.
Obama would have gone after Ben Laden who was NOT in Iraq. Attacking anyone for the sake of just doing something is absurd. If GWB was such a great military leader, how come he couldn't get Ben Laden in two terms. I believe he made a comment that he wasn't that interested in pursuing him. GWB was just a figurehead for Cheney. When Bush finally figured that out, he and Cheney had a falling out. GWB is probably a nice guy, but he was not qualified to be president. He should have listened to his father and kept Saddam isolated. That way Iraq would have been a deterrent to Iran and its terrorist base. Saddam was a bad guy, but we used him for years when it suited our purposes. Invading Iraq destabilized the whole Middle East, and cost us dearly in lives and money. Bush blundered and we paid dearly for it.
Detractors! You guys are constant critics. Anything that happens in the world you blame on the President. Your constant, one-sided bashing makes you seem less than genuine. I didn't even vote for Obama, but all your bashing makes me want to give the guy the benefit of the doubt. I have followed CLDX for many years, and I didn't see all your political criticism when GWB rushed us into Iraq creating a power vacuum that only fueled radical insurgents and cost thousands of American lives in Iraq and then Afghanistan. I don't remember you criticizing Bush or Cheney when they ignored reports that terrorists were planning to fly planes into American buildings. But hey, like I said, I enjoy when you guys get all upset, and I find it amusing how you slant the truth and put a negative spin on everything. Pretty soon you will be telling us how much better the market would have done these past five years if only Obama wasn't president.
Frank, you sound like you are hoping Putin succeeds. I know you hate President Obama, but do you really want to see Putin become another Stalin or Hitler just to prove your hatred for Obama is somehow justified. Give it a break and let our President do his job. So far we have avoided a massive problem, and the world markets are applauding it. Whether or not the situation works out will still have to be determined. However, with your aggressive and hateful attitude, I am sure glad you don't have any other power than to constantly whine about how much you don't like the President. The fact that you are a confirmed Sarah Palin supporter pretty much undermines your credibility when it comes to objectively evaluating political figures. I am surprised that she hasn't come out and said that she could see the Russian fleet in the Black Sea from her home in Alaska. Oh well, I actually enjoy your Obama rants. I love the fact that he upsets you so much, and I guess you will let him jerk your chain for the next couple of years. The fact that you get so many thumbs down for most of your hate filled posts tells me that your postings are actually having the reverse affect. Keep up your rants!
He seems to buy just about every week. After the positive earnings news, I expect he will be back buying in the next few days.
I expect quite a few will cry "uncle" and cover today before the real pain sets in. A strong pipeline, plenty of cash, Dr. Frost's leadership, support, and knowledge, all make this an extremely dangerous stock to short. IMHO.
Looks like the large short position may be getting nervous. There is good reason for it. IMHO.