VOTE NO for 16 or 32 cents a share shareholders are hoping for a $320m buyout, $1 per share or 2 cents per pound of copper in the ground. For this stock to get a $1 share buyout it will need to trade at 70 cents. Right now it is trading at 16 cents and dropping.
Even at a 100% premium F could walk away with 16b pounds of copper for 32 cents. Incredible.
Shareholders need to get rational about the buyout that is currently possible. It is not a miserable $1 per share, which is 30% the average recent buyouts. It may be as low as 32 cents.
DNT needs money to do some marketing to get a decent company to take some DECENT interest in the resource. F is not helping us, it is helping itself to the spoils.
There has been comments about other reputable companies perhaps being interested. We need marketing to these companies, not more drilling. We need to get the share price up to something representative of the resource value. I dont see what drilling will do to the share price. We have 16b pounds and no one is interested except a certain vulture.
Do you want to give F to farm for 32 cents? VOTE NO. We will never get $1 a share with this trading at 16 cents. Be realistic.
Management may want to think about marketing. VOTE NO.