Are we having fun yet."Legit or not the GER deal got the ball rolling and it will now be just a footnote in this drama.
In hindsight, a stroke of genius. Unintended?? Very possibly, but genius just the same."
If that is what you consider genius I question your ethical and intellectual capacity. So you are inferring management of KNB entered into this questionable arrangement in order to initiate a situation where litigation would prevent a hostile offer from another third party? I would question if that is genius given the fact I am confident other offers were sidelined based on the outcome of the arbitration with GER which actually prevents an effective auction.
You have stated 0.91 would be a fair offer yet you are satisfied with the valuation of 0.85 with the ATW all share deal.
In your own words: "don't think you are reading this exactly right. GER.v is buying 50% of Kinbauri Espana ( which owns El Valle/Carles ) they are paying 37 million CAD for that interest. Kinbauri retains 50% interest in Kinbauri Espana. If we divide 37 million CAD ( KNB.v's 50% ) by the 62 million fully diluted shares out that values the deal at $.60cdn per KNB.v share.
I think this is a good deal because it does several things. "
GER deal was a stroke of genius? Frankly your ethics are questionable much like the management of KNB. I have been printing KNB at 0.74 and moving it to....well that's for another board. Personally I hope Mpartners is picking up the shares on behalf of ORV or a party friendly to the ORV offer as I am not interested in making another 0.10-0.20 or around 30% if I can watch KNB management see some of their underserving options become worthless. I am certain I can find 30%+ gains in companies like SIM.
Are we having fun yet...game is over imo and I for one have much of my chips off the table since pot odds are no longer attractive imo.