Nevsun
This is an incredible deal for Nevsun. They get an unreal deposit for a song. They shed their country and single mine risk. They put money to work that they were just sitting on. They get instant longevity/sustainability from the lower zone. Their stock should move up, maybe significantly in the coming days-weeks so we could not have wished for a better deal. Who is to say we're still no longer "in-play"? The deal was structured with the 12 million share financing instead of a break-up fee. A $100million or whatever break up fee would have been more standard you would have to think. My guess is Reservoir negotiated the deal this way on purpose. We have the cash to exercise our ROFO. Now if Lundin or whomever were to come with a higher bid Nevsun might be quite happy to take $2 a share profit on the 12 million shares they just took down at $9.40. Once again we're in a win-win. Nevsun gets us and we end up with something I believe will rise from the already nice implied $9.40. Or Lundin decides they aren't going to walk away. This has been an almost three year ride. Lots of ups and downs, but in the end I couldn't be happier. Congratulations to all of you who held in there, it wasn't easy in this mkt. Best regards and glta, Buck