RE: okay holaback here is my apology 2 UToo bad Holaback has left, as long as it's kept civilized, it's good to have different perspectives.
I agree with the comments about the huge drop on relatively small volume, but the stock is down about the same percentage as my expectation for Lindero dropped. I believe we will get about 40% less for Lindero than I was originally hoping for, and that's about the drop we've seen since the news release. I just tink ir remains equally undervalued as before.
I don't agree we are getting fair value, and I certainly believe a splitting of the company makes sense. Today the market cap is about $90 million. How much are we getting for Rio? How much are we getting for Lindero? How much for the shares in Antares? Or the cash? I'm not saying anyithing about the value of each of these things, I just don't think we're getting fair value as a whole. Cash gets spent, so maybe some want to give it no value or 50% value....each to their own. However, we have a conservative play in Lindero and a very high risk/high reward play in Rio, and speculators are probably here for different reasons.
I'm looking forward to the split. I think Rio will do better on it's own and Lindero will do better on its own. It also doesn't matter at all what we think of the current share price - it is what it is. My new estimated value of Mansfield as a whole might have dropped 40%, but it's still much higher than the current share price. Everyone should adjust their expectations and decide whether it's still a good speculation.
The reason I think the news release was not that bad, is simply because the event of a sale was always more important to me than the price. Everything still indicates Lindero will be sold and to me that's is the most important thing. A liquidity event in this kind of market is something to look forward too, and although Mansfield has got a lot of my money over the past 5 years, it's looking like a very good spec here imho.
Good luck to longs,