RE:Our outcome may changeMy two cents is that they (JSL/JFM) do not want to sell the company. They want to build a mine (Rose). That’s why they have tried to get knowledgeable/experienced people involved (ie Dr Haber and others). As such, I believe that even if an offer was presented, they would flat out turn it down.
A question for the board. Has anyone been involved in a company in the past that has received a take over bid? If so, what are the options of the retail shareholders like us? Do we have an option to accept or deny? Is it majority of shareholders that decide? If so, how do we know what percentage has to approve the offer, so that it goes through?
I would be interested to know other people’s thoughts as well, but although CRE is a very desirable target, I don’t think they’ll get anything. They are better off getting an offtake for 50% of the cost of the mine, but at the same time keeping majority of ownership of Rose (ie 60-65%) than possibly accepting a 200M buy out (or whatever the buyout will be). Remember, only a few months ago we were trading over 200M market cap. Wouldn’t it be something else it a buyer came out to bid for CRE and they were financed (or backed) by Morgan Stanley? That would be a nice kick in the...