RE:RE:RE:Bad News PRB Investors, Why I Now Think Osisko is the OneRYUcan,
Without saying ES will be in there to make this 3-way marriage happen. The 3-way marriage means the merging of the 3 companies PRB, QMX and AZX with PRB is the surving entity (the consolidator). It would absorp the other 2, via share exchanges and some asset transfer. ES and the Osisko empire would act as facilitators and benefactors.
This is how it could be done:
- OSK: would stay out of the whole thing, since it's too busy already with Windfall.
- OR (Royalty arm): Since it has 14.2% of QMX, and PRB has 9.1%. This block would be lead the push in merging QMX with PRB. OR would take some royalty for its 14.2% (and or PRB shares).
- ES and Osisko Metals: ES has quite a bit of leverage with AZX and would push for PRB/AZX merger, and the orphan (copper) properties in Manitoba could be divested to Osisko Metals for cash to the surving entity for exploration.
- AEM: Would want some credible entity to do the exploration for the consolidated area to come up with something sizable like 5Moz plus. AEM is not doing that kind of work. It would prfer to let a junior like PRB do the heavy lifting.
Note: PRB Chairman sits on AEM BoD. So, AEM is not in the dark.
GH
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RYUcan wrote:
Good post GH, this seems like the most likely of all the outcomes to me. Make it a 4way, Sprott will definitely have his hand in it, but how much? JMO