RE:RE:RE:Future Share PriceGross negligence? Hmmm......interesting theory...
Hypothetically, if we could run a real life experiment, the potential acquirer balks at the idea of shelling out $5 a share for a company trading at 1/4th of that. They think they can snap up most of the shares on a $2 budget per share on their own.
By the time they had breached the 10 million level of shares acquired the price would already be over $2 USD. Now, what would happen if they tried to pick up the other remaining 30 million shares held by retail investors? The price would spike WELL above $10 a share easily. Voila, now you are talking the $15 - $20 buyout to obtain all remaining shares.
The fallacy about market cap is that it takes the MARGINAL price of a share sold by the weakest hand in the market and is applied across the full spectrum of shares including the STRONG hands. Marginal share price is fine if you're buying or selling a few thousand shares here or there, but it does not reflect the intrinsic value of shares in an acqusition scenario.
Unfortunately, many juniors in the past have been the victim of sub $1 shares for extended periods of time which allows vultures to swoop in and gobble them up on the cheap. After the new PEA is released it should provide wind to our sails to protect us from sliding into penny stock range which puts us at the danger mentioned.
Patience, of course, has and will continued to be required to scale the mountain, but scale it we will.