buy out price
I am curious to know what KRN could fetch from a major. Trading at less the1% of NPV seems kind of ludicrous and I would exprect a hefty premium for take over bid. 5-10 would be a steal in my estimation but would GSFC/Robin accept such a bid. Hostile takeover would require 70% approval.I think Robin has lofty expectations which is a mixed blessing since he wants shareholders to have fantastic returns (I presume) but a bird in the hand is worth 2 in the bush. I am curious to know exactly what points that GSFC and KRN could not agree on and whether these differences were truly not negotiable. I have many suspicions about GSFC and suspect that these guys will just keep moving the goal posts making a deal impossible, hence the need to entertain other options with other partners, nevertheless, I would like more info about the sticking points on the deal that was agreed upon in March