What 3rd party?Looks like the news of a third party entering the mix has all but wiped out gains from yesterday. We hit a 52 week high in the early moments of trading yesterday only to see all of that movement evaporate. Even with a NR this morning that most can agree is to protect us shareholders from any "funny business", southward the SP has gone.
Really though, I can't stop thinking, with three possible suitors on board and the finances they are likely to hold, is a 50/50 JV at $10 million plus investment to drill out of the question? There's likely over a $billion in the ground, and if you're Osisko, just allocate some of that drilling planned for your current campaign toward Trove and still, your investment is only $10 million. That way Durango has financing to move this forward, drill, drill, drill, prove up resources and as shareholders we are receiving a $0.35-$0.40 SP before the real action and value of this is revealed and SP moves rapidly.