RE:RE:Takeover or No Takeover ...fruitvale3067 wrote: <Everything points to a takeover to me>
Bob, that's all that's left unless the POG goes up.
<So wasting time beating up on management here will not accomplish anything>
Brother, did you hit the nail on the head with that comment. Beating up on management hasn't accomplished anything in fact it's gotten worse.
What little confidence I had in management is gone. Between the SSL statement and looking into Barry being economical to mine sealed the deal. You were a big cheerleader when that was announced. How come we've heard nothing since. What were the results of the study? Surely they have an answer by now. I don't care if it good ar bad, but as investors don't you think we should know what the final decision is? A followup would sure be nice. I remember some here got so swept up in the release they thought they should shut down Bachelor lake and mine Barry.
As far as buyout premium. If the average is 43%. Why would this go for 60% based on the current track record? Again, if this company is that highly sought after to pay 17% over the average you would think they would have been bought out by now.
<my bet is SSL has gotten their money back out of MTO so maybe a cash deal by any takeover suitior would work for SSL ..>
OK, so what price do you think it will take to buyout the SSL stream that's worth approximately $1.5-2.5 million a quarter for the remaining life of the Bachalor Lake mine. You need to factor that cost into the MTO buyout. Which means the buyout premium just took a hit.
It's interesting that Osisko has a 2% royalty on Hewfran. That means, Sanstorm gets it's 20% -$500 and now MTO has to give Osisko an additional 2% of the better ore.
I'll say it again: just exactly when are things supposed to get better.
I find it very hard to believe anything you say ... for sure you are not a shareholder or you would have sold and moved on ...if you believed half the stuff you where saying...instead of posting negative stuff all weekend...lol
Fist off Fruit the Barry result are just fine...and if you bothered to read the MD&A report you would know all you need about Barry ...like a new estimation of gold Resource with a report compliant NI-43-101 and that it will be completed by end of June 30th ...Also you know that they are discussing another 15000 meters of drilling at Barry ...so easy for a non shareholder like yourself to ask for reports ...lol !!!... Don't worry about mining costs at Barry it will not show up on your bottom line at SSL...LOL !
You seem upset about any poential takeover at least at a premium...lol...unless at 17 %...keep posting !
And 2% NSR on Hewfran well I guess you can be upset from a SSL standpoint ..but Osisko wants to know and thats what they paid too find out...I would rather Osisko know what kind of gold is being pulled out of there and like most here have said SSL is not a miner !!! and has debt so their stream could be bought back for cash...or some kind of small NSR deal..so best an Osisko Mining who understands what mining is about vs a steaming company Takeover !
At the end of the day we wil probably be taken over at a better price than you and miner are wanting...lol...keep up the good work ...or bashing should I say !!!
Later
Bob