RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:Today’s Response from Paul Clark - and consider this...Rio is down about 35% from its recent high....so even a $3 usd offer is somewhat like $4.5 usd taking that into account.
please ...no one lecture Sooner that this is lower than the $4 WRN was at way back when there were only 100m shares outstanding ....really don't have strength to go over that again.
I'm still hoping that in the Nov release it's a Rio stake increase which I hope is done in such a way that WRN management is able to use that to increase market cap and we can do something from Nov 2022- Nov 2023 to actually drive that up to $3.5 and then negotiate for a 30-50% premium!
im ok with your hostile takeover approach too--- if we truly are worth more...the majors should then start stepping up to bid on us as well!!!