GREY:WFREF - Post by User
Comment by
wilwalon May 28, 2016 10:13am
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Post# 24912768
RE:RE:RE:Nutall on BNN
RE:RE:RE:Nutall on BNNRegardless of the quality of Nutall's opinions, you do have to consider that Sprott owns a large % of LRE (11% last time I looked) so Sprott is likely close to the situation and have a quality opinion on this.
The only problem is that the Chinese have proven on deals in the past that they can suddenly and inexplicably fold up and walk away. I doubt that Sprott or Andrew can say with certainty that they really know what the Chinese are thinking right now. The $20 million break fee would not be a company killer for Sino. I suspect that this unknown part of the equation is why LRE still trades at a big discount to the sale price even when closing could come any moment.