RE:In a just worldThe members of the BoD all own shares in SBB, so it can't be that they are completely disinterested. They are a rubber stamp for Bruce however.
What baffles me is, if they truly believed that the best way to provide shareholder value was to push through and actually become an operating mine, why bail when we are barely out of the first inning?
Or, was lining up mine financing a gambit in order to push the issue on M&A activity? But, if that was the case, why accept a lowball offer?!
Truth be told, the BEST way to provide shareholder value was to sit back and do NOTHING and just allow the optionality of gold to push the share price much higher than the B2 offer is providing us.
They didn't want to do nothing, so they did something en route to effectively doing worse than nothing: accepting an insulting offer for our shares!!