I think today proves my pointWe saw WRN jump 17% on a half million shares traded today. It probably would've been up over 20% but for some who likely sold into strength today. If 0.5% of shares outstanding can move the needle that much, what would happen if any potential suitor decided to obtain 50% of the shares outstanding via open market purchases in order to "name their price" on any subsequent buyout? Safe to say we would easily hit double-digits.
For those who hold firm to the idea that we could/should be acquired for some lowball ($6 or less) amount, you need to realize than when majors attempt acquisitions via lowball offers they are trying sidestep what would otherwise be the true market price whereby available supply is able to meet the suitor's full demand for the shares.
Anyways, let's hope the new CEO is wise to games that are often times played in the junior resource sphere and will champion the shareholders' goals of achieving a buyout based upon the intrinsic value of the Casino project.