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Exeter Resource Corporation Message Board

oddlot99 4 posts  |  Last Activity: Apr 23, 2015 1:04 PM Member since: Feb 11, 1999
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  • You've got to wonder what kind of dividend people who are paying $6 today are expecting. We haven't seen a full year yet of PW with its solar farms contributing. But there's now $3.5 million of 7.75% preferred ahead of the common. Common equity at December 31 was $7.7 million ($4.42 a share), but that number included $4.8 million of intangible assets acquired with property deals. (And it's reasonable to think it will be less less when we see the latest legal bills.) On the P&L side, even if you back out property acquisition costs, litigation expense and unrealized loss on interest rate swap, you'd have $386 thou in income, not much more than what's needed to cover the preferred dividend on an annual basis. Maybe the solar farms will kick in bigtime. Absent that, it's hard to see much reward for the common.

  • Reply to

    Insider sales

    by oddlot99 Apr 18, 2015 8:38 PM
    oddlot99 oddlot99 Apr 19, 2015 9:51 PM Flag

    The brainless computer overseeing Yahoo isn't very good at screening out SPAM, but it's devilish at creating "#$%$" out of a fairly innocuous word that begins with "c" and rhymes with "rap". Quality all the way --and one of many reasons nobody bothers with these boards anymore. To update: the sales show up only on Canadian Insider. No Forms 4 that I could find on Edgar. Still, hardly a vote of support from this insider. Nobody sells believing the share price will be substantially higher in the foreseeable future.

  • oddlot99 by oddlot99 Apr 18, 2015 8:38 PM Flag

    Love to see this #$%$. April 15-17 (the latter the date of GSV's 43-101 filing), director David Cole reports selling more than 30,000 common. The President, Jonathan Awde, has been a persistent buyer. Reports are on Canadian Insider. The sales list a US dollar price. I haven't checked to see if there's a report on Edgar. What more can you ask for from a director than a hot plop on seemingly good corporate news?

  • Reply to

    anyone see whats going on?????????

    by investyes Apr 2, 2015 11:27 AM
    oddlot99 oddlot99 Apr 2, 2015 4:13 PM Flag

    No offense to my fellow longs, but I half hope this is a head-fake. A buyout at anything like these levels puts most of the value into the acquirer's hands, even if it's done at a substantial premium to market. Hoschild paid a 100% premium for Andina, which owned the Volcan property just up the road, but that worked out if memory serves to only about $17 an ounce. Twice 50 cents would be what--about $6 per ounce? It seems too much to hope that a bidding war could get started along the lines of Arizona Star and its neighboring Cerro Casale property. If I remember correctly, Bema started it with an offer of $3 or $3.50 and we got $18. Different world in '07.

0.480.00(-0.52%)Jul 1 4:01 PMEDT