RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:Today’s Response from Paul Give me a break! I've continually stated that we are trading at x% of NPV. I've pointed out many times that we are grossly undervalued based upon NPV. I've even stated I think the buyout will be around 50% of NPV.
what I have ALSO repeatedly stated is that cannot happen until our market cap is within a reasonable range of that...and a reasonable range is 30-60% ..
if you think I'm the only one who believes MC is important in negotiations and you think only NAV is important...you are very sadly mistaken...they are BOTH important! As Clark correctly stated...each will use the other to their benefit...so until we remove the one from Rio they will continue using it!!!
even Paul thought we would close gap between MC and NPV after the Rio announcement, after the PEA, after the FS....