RE:RE:Underlying DirectionJmgreen is raising an interesting question. If a buyout was to happen today, can we expect an offer north of $0.5 based on this article?; https://www.miningmarkets.ca/news/how-to-fish-for-profits-in-takeover-targets/
<<One of the greatest feelings an investor can experience is the winner’s rush from having a high takeover bid materialize soon after buying a stock. This is particularly satisfying if the stock was purchased as a result of intelligent reasoning. Recently, takeover bids for junior and mid-cap mining stocks typically have carried a 38%-54% premium to market. Given current low market valuations, it is not unreasonable to expect these premiums to continue. However, spotting potential targets first requires some careful due diligence into understanding the target company as well as its potential acquirer.>>