GREY:ALXDF - Post by User
Comment by
glock2637on Jul 25, 2018 11:19pm
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Post# 28368763
RE:RE:RE:RE:RE:RE:Negotiations.
RE:RE:RE:RE:RE:RE:Negotiations.Huh? How is this pure nonsense? All it takes is incentives (cash envelopes, extra shares or options, etc) to get board members of a prospective buyout company to let their company/project be sold for cheap. Its called working the greed angle and it is directly opposed to their 'fiduciary duty' of taking care of the shareholders. A sweet enough offer is made and 'fiduciary duties' of the shareholder go out the window. Its greed.
PRB will buy AZX for .06 or .07. PRB will do more drilling on it. Later, after more good drill results, AEM will buyout PRB.
Sprott's got his men on the boards of both PRB and AEM and AZX. AZX board is in a position to sell cheap to PRB, and they will shelve any other competing, more lucrative deals that come along. Then, the process will get repeated again and AEM will probably buy PRB on the cheap. AEM will buyout two smaller miners and grow their resource substantially; and they are in a position to do it very cheaply.