RE: RE: From the Yahoo Message Board >>>>IMO, private placement investors would not vote to approve a low ball takeover bid at this time.<<<
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The point is that BB posters seem to always think their shares are worth 2X or 3X the current price. Problem is that if an offer is made, it is usually bases on a 20-day weighted moving average and for Junior Miners the premiums usually range from 35% to 45%.
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Now one can stick their heand in the sand and pound the table about, "I'm not tendering to a "low-ball" offer!" But I would welcome a buyout by a competent management team, one that could come in, get solid plans in place to develop Seabee to a world class mine and bring the funding. THEN I think shareholders woudl get the "value" they think lies in the assets.
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Of course the alternative is to keep "hoping" something changes at CRJ and that management here will do something more than the snail's pace of growth.
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