RE:This company I'm starting to think the same way re: buyout Sacks. From Kerry's most recent interview, it sounds like up to 100mil (10-15% of capex) might need to be raised in equity (up to - in the absence of a further stream or pre selling concentrate). While this would not be devastating, as it would fund us through to production, if the MC stays this low, it will be more dilution than I had initially expected. If MC is 250-300mil by that stage, then no big deal, but if not, it may be in our best interests for a bidding war between prospective buyers. It would also allow for a quicker re-depolyment of my funds, which I would appreciate as there is so much value in the jr miing sector right now!
I'm reminded of the Namdini deposit in Ghana which went from around 40c to just over $1 after the Chinese and Russians started bidding for it. Marathon is better than Namdini and in Ontario, so worth much more IMO. Sentiment on the Cardinal resources boards was also quite negative at the time due to the depressed share price. But once final permits were granted and the bids came in, how things changed.