What Will Stop A Buy Out. I have had a number of stocks over the years that have fallen victim to the infamous 30% buy-out offer. Someone hangs around and when the price is right they pounce and usually pick it up cheap. NKL was trading at $6 for a short time last summer with assets that were much more speculative than they are today based on drilling results that have been released in the past few months and will continue to be released, and the PEA. To me that this is a no brainer as a buy-out candidate but what will stop it from a $2 - $3 buy-out?? Are the shares held tightly enough to prevent this, can PCY's ownership position prevent it?? It seems that while this stock has huge potential ($10.00++) shareholders will eventually lose their grip and succumb to a rather low buy-out offer. We don't have enough $$$ to see through for along period of time.
Correct me if I'm wrong please