Some somber thinking! Probe is about to be bought out. That should be good news: this is why it’s NOT GOOD NEWS! (These are my opinion
a) management as expressed by an earlier post is slow playing all their results. "Drilling results are backed up in the labs" is the standard line for why they cannot give us the results.
b) the trading price has been stuck at ~1.90 Canadian. This is evidence that management has secured a price based on this low valuation. Others have mentioned the sketchy daily trading
c) the deal is done and they will act like the deal came as a surprise. WATCH THEM ACT THAT THIS WAS THE BEST DEAL! Management has accepted a large breakup fee and a price to keep out competitive buyers and to insure management perks to close the deal.
d) management has used their paid employment to WINDOW DRESS THE COMPANY. It’s a real charade. They cannot get lab results because they backed up. They won’t release drill results unless they perfectly synchronized. All slow moves. And now they play act with us that they are on a 150,000 meter drilling program. How disingenuous can you be. They have NO intent in drilling 150,000 meters. We are being strung along.
e) there will be NO updated resource, there will be NO updated PEA, there will be NO feasibility study. YOU KNOW WHY? Simply because they have sold the company and so all these stages to proving how valuable a company we have will never be known.
f) this scenario is compounded further to the negative side for probe shareholders. “DO YOU KNOW CANADAS RICHEST AND MOST PROFITABLE MINE IS? DETOUR. Detour is owned by KIRKLAND and Kirkland is now OWNED BY the new AGNICO.
g) Did you know that the richest Canadian mine Detour is also owned by Probe Metals shareholders on the Quebec side? Ill say it again, The richest mine in Canada is owned on the Quebec side by Probe Metals. Significant work has been done on Detour Quebec and have you noticed Probe has been mum and deliberately keeping it out of focus. HOW CAN PROBE SHAREHOLDERS NOT BE AWARE OF THIS EXTREMELY VALUABLE LAND PACKGE? You know why because management has the company sold and the less you know the less you will expect.
h) if you have read and followed the above points Probe Metals is trading at a tragically depressed price and it will be important that we don’t allow the company to be stolen from us.
i) management has a fiduciary responsibility to its shareholders. This means management must show all offers for the company to its shareholders. They cannot accept an offer with a large break up fee. THERE SHOULD BE NO BREAKUP FEE without shareholders first agreeing to a deal.
THERE IS MUCH MORE TO BE SAID BUT THIS SHOULD GIVE YOU SIGNIFICANT PAUSE WHAT IS HAPPENING TO US AS WE ARE BEHIND THE CURTAINS OF TBEIR DEALINGS.
Questions to pepper management in order to understand the value of our company:
1) where are our drill results?
2) where is our updated resource?
3) Where is our updated PEA?
4) Where is our PFS?
5) where are the drill results and the surface results on our Detour property?
6) When will you spin off the 2 assets you said you would to Probe shareholders? -Chromite and Detour Quebec
Probe shareholders, we should expect a minimum price C$750 million of C$5 per share without them showing the updated resource, Updated PEA, the Feasibility study. It would be a significantly higher price if they revealed to us the value. I really hope management will treat their shareholders fairly. They have three (possibly 4) interested buyers so a competitive bid should be in play.
This is all just my honest opinion but I am afraid I might be right if we dont act soon!