RE: Hammered Again!!!Agree on all points.
Leasks' will go it alone before accepting anything under $4, IMO. After waiting 12 years, what's another 18 months to put Lindero into production. That is most likely their mindset.
BUT there is significant risk involved in building a new mine yourself with mine contractors, that are nowhere near as capable and competent as the majors and mid-tier gold producers' in-house staff. Personally, I would take $3.60 per share, but I doubt MDR.v management would take anything under $4 or $5.
Also agree with your plan B assessment. From my discussion, Lindero capex can be reduced without the natgas pipeline and other measures. Hopefully, the mine construction period can be reduced to under a year. Or MDR.v may be able to enter into joint venture with a mid-tier who builds the mine, maybe something like $2.50 per share cash plus a percentage of the profit or a royalty, and the JV future payment contingent upon 2.2 M&I ounces actually being there, a 70% recovery, and a price of gold averaging over $1500. From my discussion, MDR.v was contemplating a complicated agreement with one potential acquiror, so a JV agreement such as this is a possiblity. But personally I prefer $3.60 per share, all cash, today as I grow tired of getting hammered...