02-02-2013, 08:16 AM
Lots of questions Bert, most will have to wait to be answered until we see the deal.
As a long, none of them really scare me.
Most discounted cash flow models I have seen, using reasonable discount rates(12%), arrive at substantially higher values regardless of the time frame and size.
Quality partners will bear lots of fruit, give us lots of options. Further sell downs for upfront cash to minority partners. Bankable off take agreements, etc...
The problem isn't the shorts, it's the lack of buyers.
It makes no sense for the institutions to call there stock in now, wait till we get to $100, then squeeze 'em.