RE:RE:RE:Great News!!!!SGCGRIMREAPER wrote: Tony Pom Poms - I've told you at the end of the day, FCX has to buy out NSU. There's no hurry. If I was NSU, I would negotiate a serious PP by FCX into NSU, while at the same time, spinning out Bisha and Eritrea to shareholders in a new public company. It would be a tremendous signal to the market.
That's just genius. Pure genius. Definitely, let's offer FCX to buy back what they sold less than 2 years ago by making a PP in NSU. How much PP should be? Uhm...let's think. $262,500,000? No. Too low. $262.5M were just for 55%(75%) of the UZ and 15.4%(21%) of the LZ. Now it is different, it's 100% of the UZ and 46% of the LZ. 25% of UZ alone can be ~$200M. And LZ ownership is 25% more now than in the Lundin's case. So what it is going to be, small PP or large PP? Small PP won't change anything. The company has more than 70% institutional ownership . That was reiterated at the PDAC presentation this month. That's the proof of the value and the curse since those guys seem to manipulate the stock at will. At least, they can. Back to numbers, with 25% more of UZ and 25% of LZ, to make a difference this PP has to be a large one in terms of getting control of the NSU over Black Rock and others. And how large? Trebilcock said that more than 50% of the financing for the Timok is practically has been negotiated. In European banks. They want the local support And it's not share issuing which dilutes our already diluted holdings. According to him the company may need $100-200M. I talked to him face to face. Did you? Next step in your plan is a spin off of the Bisha which apparently paid for the whole party. It seems like it starts showing some signs of recovery recently (don't want to jinx it but ) ok , let's spin it off and name it " Old Reservoir Minerals Company" . And name the Serbian operation "The New Nevsun". Where in your plan the cash should go, it's about $125M. To the spin off ( it's fair to say it was earned there) or to the "New Nevsun" aka Timok. Long story short, what you're saying is Let FCX buy back what they sold, let NSU as it was to get back to what it was (a separate company operating in Eritrea) and happy Reservoir shareholders will wait for another takeover . Back to ground zero.I'm not making things up, that's exactly what your offer implies if you yourself look into it. Trebilcock is a simple guy (not sure if met him) He's ok as a person. Heavily overpaid , no doubt about that. The only guy who has survived all the old management. Why? Hard to say. What is clear he is not a reason for this stock movements. If you want to be taken seriously just may be redirect your attention from Trebilcock to something really important. I'm in no position to patronize . Some guys here post very few times but very important things. Stockmaster is one of them. Substantial analysis that we, retailers can't achieve on our own. I mean, he shares his info, not his analysis.That's helpful and useful and important. Chanting about Trebilcock is useless unimportant and irrelevant. Anyway, we are in the same boat so far, so ....