Definite accumulation taking placeMy guess is that insiders currently own between 51% - 60% of MUM which would include WA. If a company like Stillwater wanted to take a run at this what would be a "fair" shareholder value if current core assays came back very favourable with regards to PGMs?
Like you Charles99, I have not seen a play like this in a very long time. This is something very exciting to be a part of and going forward who knows what valuation Robin and the gents would accept as fair value. MUM is Robins' baby and he appears to have been in no rush in the past to sell out even when the stock was north of $1.50. I believe he knows the value and has a price in mind and with MUM and partners being less than 2 years away from actually mining their assets who knows what insiders would accept for their shares, but I would think it should be $2.50 and up.
At the end of this story (whenever that may be) I think MUM will make a lot of people extremely wealthy.
Here's hoping. JMHO
Cheers,
T2