RE:RE:RE:Take over bid is a massive discount to CashI have about 600k shares; I will be tendering them to the highest bidder and I woudl like to get $.11. Cards on the table, this company is too small to be a public company and the fruitexpress deal gets this point right.
The cash on hand will be about 11 cents per share after they pay the finders fee and a few warrants at .07 are now in the money. Cash burn for this company between salaries and fees is $500k a year before they even turn a drill.
As for other bidders; its either going to be Freeport with cash OR another small junior mining company will offer us shares for a combination (not interested).
I invest alot in companies like this that are ahrd to value but attract buyout offers; "fair" is in the eye of the beholder as these comapnies are hard to value and dont attreact many offers.
Fingers crossed for a good price.