The squeeze is on !!!It appears someone (I wonder who) is putting the squeeze on FRP.
All in an attempt to shake out the weak kneed and faint of heart.
Remember Eldorado's offer is finally up June 17th .However they can up the offer (as they should) and or extend it at anytime prior.
FRP has not wanted a partner nor aggressively pursued until such time as the final piece of the permitting puzzle is complete.
So.... I get a chuckle out of Paul Wright's (Head of Eldorado) assertion that we have found no suitor of our Company. And 60 days should be ample to do so.
As FRP Management stated Paul himself has been pursuing us for over 2 years of which 8 months of intensive due diligence was needed to before he commited to the low ball offer currently on the table..
Bottom Line Paul make us a fair and equitable offer or go back to tending your own business.