our options as of todayfor the past two days, we've heard various opinions of the latest news. extremes from happy for $1 to waitnig for $7. since february ( see post #27481982 -feb 1- if you wish, & all follow up posts).
i proposed a simple middle ground. because it was a selling of a holding, no poison pill applies. just like when erin sold the belize holding. no warrants can be part of it(at least in the sale).
the warrants can make their $$ on the rise in erin stock price because they would be worth $0.50 & keep jarondol.
while all current stockholders get $2.00-2.50/share.
the market cap of the sale would have been around 50million sh x $3 = $150 million cap.roughly.
that $150 million could be the company's stock shares instead of cash. (just cash them out.)
not the perfect solution but realistic.
the buyer would have plenty of room to make a very good profit.
potential buyers..
canadien
usa
england - finacial experts -as we now see
euros - unlikely because they don't use alot, unless they want in on advanced combat equipment
india - very interested
china - very interested
australia - pllenty of miners
japan - the dark horse - 30% of their power is nuclear witn a national goal for 40% soon. this requires lots of VERY pure boron. we have that. what a coincidence. they even have their own labs for refining it.
right now, we lose 75% of piskanja & still have to jump hoops.
anyways, i'll be happy with anything above $ .99/sh. even though i see simpler & better options.
a bidding war would be awesome.
p's - who is investco? their is a few details about them in the nr. any ideas/