02-26-2013, 11:47 AM
'CesiumFormate' pid='17742' dateline='<a href="tel:1361839 Wrote:We have a great game of Texas Hold'em going here. The river card is about to be turned. It will soon reveal who is going to stay in the game and who is going to walk away from the table having gone all in with everything. The difference is that longs can only lose their investment. The shorts have borrowed their pot and leveraged it. If they didn't buy pot insurance (Calls) on their borrowings and IOC hits on the River they will lose multiples. I like the pot odds for the longs at this point!
Cesium,
Feb. 28th was set because it was one week after IOC's preferred partner (according to the company) completed their internal approval process/sign offs on a bid. IMO, IOC knew enough in January to set the deadline to accommodate one ( at least) more bid before wrapping things up and that what they knew then was good enough. I think on Thursday we get financial results, a resource update as well as the news that bids are in and will be evaluated. The resource update could be the real meat. I would prefer to be conservative on a bidding update, other than generalities, but hope I'm surprised.