RE:Cash
I hate flow thorughs. Stock will be down tomorrow and next few days also once hold period is over we will get selling big time of shares. As for selling property CK has been 100% transparent on his desire to exit via sale to a major at big premium since day 1, so should be no surprise to any shareholder.
ES is another matter entirely. His average cost is way higher than Palisades, and my guess is he wants to be a minority partner in mining with a big major!
Regardless, it's going to be a frustrating period for share price. Hopefully we see a major pump here in next 6 months. As I have said many times anything can happen here and in fact has happened with the grade issue followed by collapse of gold and especially the miners' share price collapse, drying up of financing for miners, a couple now of very unattractive financings compared to earlier financings, one especially critized by ES!
And that is saying noting about the geopolitical and financial messes in the world. Still people think they are going to get $50 or more a share here. We will now be carrying a market cap at just $10 (assuming we get tho that level) per share larger than when at $13.50 per share so dilution has been extensive over last 2 years. a $20 buyout now will amount to a $4 billion figure which is really high for an explortion junior. Can happen I guess, but lots of risk here yet!