RE: RE: AMW and FIS are totally different animals Good question. Short answer, yes, I did hold HAT when it was bought out. I held it when it had a $35mm market cap before the assays and rode it to $3.50-$4 as the early drilling progressed. I sold out about half a year later and started buying back before the Rio Tinto bid. I'd have been better off just holding it in retrospect. We're way too early to think about selling AMW given how early it is and how good this is looking. Interesting times as those who know how HAT played out get to see it unfold again, albeit at a shallower depth, which is a good difference to have.
When HAT was bought, they owned 100% of the deposit. They were 90/10 with a company called Terra Ventures for a while, but eventually they bought Terra out.
If someone steps in for one of the companies down the road, the JV would be 50/50 still. Really no change. Operatorship switches every 2 years and anyone coming in for one company would likely heavily rely on the other given the value of the knowledge gained up to that date.
I don't see AMW and FIS ever "pitted against" each other to drive a better bargain. It would moreover be a competition for who would sell first, but neither party is interested in "giving the asset away for cheap", so to speak. The simultaneous offer down the road is a possibility too.
It's going to be an interesting time for both companies. With HAT is a guide, and I think that is the only rational market guide to use, we're going a lot higher. Good luck to all.