RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:Payment for shift work
Calabrese,
My optimism is based on facts and information that are pointing to what I believe is a very likely scenario. If it doesn't pan out in the next few weeks, I'll move more shares to my TFSA and RRSP at whatever share price we find ourselves at on December 31st. As you know, I have been trying to calm the expectation of the board for years but I believe that we are now very close to what we have all been waiting for. The Serbian government can still screw it up but hey, even a broken clock is right twice a day.
I'm not talking about a bidding war between ETI and RT. First of all, I don't believe that Rio Tinto would do what you are suggesting but that's not important for this discussiion.
For the sake of argument, let's assume that Rio Tinto decides to buy shares of Erin Ventures on the open market.
Erin Ventures becomes aware of the purchase, invokes the poison pill and announces in a news release that it has done so because Rio Tinto has just purchased all of the shares of Erin Ventures up to $0.50.
Retail investors get wind of Rio Tinto trying to buy up a budding boron junior in a hostile takeover scenario. Other boron miners take notice as well.
These retail investors (and possibly some boron majors) will jump in and try to get in below what they believe would be Rio Tinto's suspected buyout offer (which Rio Tinto may not have any intention of making).
Nobody is selling because they aren't sure how high their stock will go and Erin Ventures has now offered existing shareholders the opportunity under the poison pill to buy more shares of Erin Ventures.
There is no way that Rio Tinto can keep a lid on new investors jumping on board with no shares available below $0.50.
The speculation and rumour that Rio Tinto is trying to buy a junior would start a buying frenzy.
Either way, this could be an interesting few days in your scenario.
Cheers,
VB