RE:RE:RE:RE:RE:RE:RE:Just Outthorgb1-
Absent some sort of Hail Mary, it seems that the proposal did not pass. You nicely lay out the options. I think NSU is hard-pressed not to sweeten the deal and take another run. They need it to shed their "one-trick" pony status, move up to a far more stable jurisdiction and provide a catalyst to increase their multiple/share price. They have room to move and provide a better equity ratio to RMC shareholders. As far as the Chinese, I emailed the representative for the dissident group this morning with two items. First off, I told him I thought they did a very nice job of laying out, in simple terms, the inequity inherent in the NSU deal. Initially, folks were wowed by the $9.00 share price and gung ho for the deal. Upon closer inspection, only having a third of Timok and Bisha seems like a very high price to pay for the cash on someone's balance sheet and a mine with somewhat limited life.
Second, I told him that from my view point, the deal that JingBao/XGC has/had on the table is a non-starter in its current form. Unless these companies become far more transparent, the ony way I can see a deal happening with them is an all-cash deal for 100% of Timok (I would want to keep the rest of the assets in some type of spinoff).
I'm interested in hearing other's thoughts. It should be an interesting Summer!