RE:Don't recall seeing this video here... Thanks. A very pragmatic assessment. Key messages:
1. Lundin's offer signficantly undervalues NSU.
2. Best undeveloped CU asset in the world.
3. Unlike his firm, many institutional investors hold both LUN and NSU, oftentimes with larger holdings in the former, skewing them towards a lower acquisition price.
4. Believes another a higher bid is out there.
5. He'd like C$6, but since shareholders often look at the premium, not the underlying value, C$5.50 might swing it.
He concluded; As Oscar Wilde noted, "People know the price of things but not the value."