It's now or never (years)What I’m gathering from this is:
- IF the LME board thinks they can sell for a 10%+ increase than what is currently on the table they can choose to wait past the cut-off date
- IF the LME board wants to put their confidence in the fact that things will change IF a new party is elected and IF that new party decides to change this notion (and when those changes would come into effect) then they can choose to wait past the date
- IF the LME board thinks the upward trend of gold prices will bring the current offer price to well above 10%+ than what is currently on the table they can choose to wait past the cut-off date
…Lot’s of “IF’s” in the above statements, let’s change those to “when’s”
…Our Special Committee was form in August, 2023. They’ve been working on their DD for ~8 months. A late June BO announcement would be almost 11 months since formation. Ashsineeg’s Case Study of a company that publicly announced the formation of a Special Committee + FA before the BO is here:
https://stockhouse.com/companies/bullboard/v.lme/laurion-mineral-exploration-inc?threadid=35973490 and shows that:
- Special Committee formed + FA announced in Nov, 2022 (I think?)
- BO off announced Dec 18, 2023
…If they can do it in just over 12 months can we do it in just over 11 given this
accelerated incentive?
Truthfully, a part of me feels like if they can’t pull this sh*t together by the June 25
th cut-off we are way wayyyyyy off (as in the 2-3 years and ~ 40,000m of drilling to develop an official MRE)