RE:A Run Down & Re-Hash (speculation).ShortOnCash wrote: The volume in December became too much for the exchange not to ask for a halt.
My guess is this deal was pretty much done for some time.
So the company had to halt, but the devil in the details wasnt done, the initial N.R. with the
proposed transaction after the halt ,was amature at best (imo).
It was weak on any substance or details, it looked like it came off a napkin (hehe).
The 43-101 compliant resource estimate, likely wasnt in place, nor the TSI audit, as the halt was
basically put on by pressure from the exchange (imo).
So the company submits both items on Feb 1.
The review was likely completed weeks ago, with "comments" from the CFAs at the exchange.
Meaning, there might have been issues with either numbers on 1, or both items.
So, the PP hasnt closed, or they would have to report it.
Who did the audit for TSI, and the 43-101 compliant resource estimate, and was it acceptable for
the exchange?
Is the $0.025 price on the PP, proper valution for the resource?
Can the issues be dealt with an appropriate time frame, or is this chasing a deal that cant get done in reasonable time to satisfy the exchange?
It doesnt look good (imo), if everyone expects this will have the same momentum 4 months down the road......I would disagree.
Of course the bid dropped, the can has been kicked down the road twice now...
.
THERE IT IS.....