RE:RE: Tesla Offerjohnu48 wrote: Elon Musk does not make offers unless his team has done the DD on a project. Obviously he was certain that Battery Grade Lithium could be extracted. The sad part is CYP SP was trading so low that he thought he could get it for a bargain basement price. The good out of this is it seems that an offer was on the table after the DD was done. This should have other interested parties, if they aren't already, show some significant interest in CYP in the near future. If all this is true I can't see the SP saying in the .50s for very long.
Once again, look what happens when I go golfing. Finally convinced someone recently to buy in when it goes under .40 cents, and they are buying me some nice single malt scotch today, and are thrilled with the results.
My take on the tesla conversation, all IMHO i might add, may have gone something like this.
Bill : So Elon, make an offer .
Elon : I think your company is worth .50 cents a share, no more .
Bill : Elon, what are you smoking, I want at least $5.00 share , do you know we can extract from Clay ?
Elon, Yes, I do , but unproven, th8ink I'll just keep it in house for now and find my own extraction method .
Bill : Whatever Elon, good luck with that. In the meantime, we are going to further advance our extraction methodology with some experts, and you will come back some time down the raod and pay more for us .
Elon : Chance I'm willing to take at this time, OK, final offer .75 cents/share
Bill : Go F*^&% yourself Elon, see you when you are desperate to make a deal, will be $10/share then.
Elon,: Yeah , we'll see about that old man.
Bill : Yeah !
Elon : Yeah !