RE:RE:RE:RE:RE:Probe still has a bad management issueBio
You make great points.
My take is that if there is a hostile bid( unwanted by the BOD) for say $3 Canadian for Probe then the headliner
for the acquirer's shareholders is that we are buying Probe for $3 and it has a NAV of $10.
So it's extremely accretive.
The upside for them is that the mill head grade is now 1.3g/t
and they have potentially have huge upside on the recently acquired properties by Probe with a grade of 3 to 6 g/t. which would imply a longer LOM and much much lower capex.