My hope instead of my guess My hope instead of my guess is that this current success will continue to ride for awhile instead of a fast take out at a low price. Hopefully, with coming success in pressure test, it will come out high in bd. If we can see something in the short term (coming months) that will push this stock to $2.00, then, maybe in $3-4+ range.
No one has given a figure that our new partner has had in the past of buying out/taking over companies-that is the % premium.
When UTS was hovering around a dollar, Total offered in the two buck range, which was turned down. UTS came up to the $1.50 range and next offer, some time later was in the $3.00 range and some other benefits to the shareholders, shares in new company silver birch.
As with anything else, it is not the small individual shareholders who have a share in the say. By the time they are involved, everything has been decided and to appear democratic, everyone has a vote. What is the % of the shares held by individuals here, 5-8%.
It will be interesting to see what other dominos will fall into place in the coming year, SNM, HOC, LFD and VST. LFD just got a new board following their AGM several days ago.
This could be like the oil sands region now that there is confirmed oil and infrastructure is falling into place, bigger players can pick and choose companies where there are the biggest rewards to pick up. All up sides, no downsides in the buying of companies-the majority of the risks have now been eliminated by costly trial and error.