PETER GRANDICH AND CO. SHAT THE BED ON NSU!!!Well well well...what do we have here now in the world of Stockhouse Bullboards?
Toostupid is confirmed as a Lundin shill?
Longtimers crapping the bed on NSU? Tony Pompoms...say it ain't so LOL.
Now shock subject header aside, as Grandich said there is no problem taking profits, some here obviously got spooked or see better opportunities elsewhere! Fair enough, for all we know it could end up being a good move...BUT I DOUBT IT...and this is what I took away from the conference call and Peter spoke most of the time so this is coming straight from the CEO in addition to my comments:
1. Lundin's bid is a joke and going in the wrong direction. Further to this Q2 conference call, I'm upping my minimum acceptable offer to CAD $6.50...CAD $6.00 is now history...yersterday's news. There's no way I'm foregoing a double digit share price for anything under $6.50. I WILL BE MORE THAN HAPPY TO TAKE MY CHANCES WITH NSU...THANK YOU VERY MUCH. Management referred to Timok NUMEROUS TIMES as to how it is world class and development ready.
2. The upper zone exploration potential appears to be real. The Kuckster played up the potential by going on and on about the potential given the prolific nature of the area and the fact that the specific area in question has NOT been explored previously. They have some good targets, the drills are spinning AND WE SHOULD FIND OUT IN Q3!!! THIS IN AND OF ITSELF COULD BE GAME CHANGING!!!
As a side note:
While I believe toostupid coined the terms relating to the "Kuckster", I will happily repurpose these terms for how I beleive Peter will "kuck Lundin up" in one of 2 ways:
1. Having them pay through the nose for NSU, or
2. Lundin not getting NSU (either rescinding their bid or losing to another bidder).
3. Financing for Timok not expected to be an issue AT ALL. Literally one year payback. Bisha earning cash throughout the period to mine start. GEOPOLITICAL risk not expected to be a problem at all as Peter and crew went on about Timok being world class and Serbia is practically begging for the project to proceed and no issues with permits. I'm no geologist or engineer folks but methinks we have it way too good here considering the bullshit I've seen with many other miners when it comes to new mine developments. This is almost unheard of. Almost no political risk whatsoever and practically the opposite as mentioned. For those never having invested in other mining stocks...YOU DON'T KNOW HOW GOOD WE HAVE IT WITH TIMOK/NSU. That in and of itself is huge.
4. Issues with copper/commodity prices. Issues now will likely spell that Timok goes online at a time when a shortage in the market is likely a few years down the road. Timing may not be better if it was planned ha ha ha.
5. DATA ROOM is open and has been opened and there have been many outfits going through the data room. So for all the talk about a process and blappity kucking blah blah kuckity blah (i respectfully suggest you STFU or not ha ha ha) the DATA ROOM IS OPEN.
It's also kucking obvious to anyone that Lundin put in an unsolicited bid. So if anyone is interested in Timok it's pretty kucking obvious that if they're interested they should go and kick the tires in the DATA ROOM. And that is true whether it be a party interested in taking over NSU or "strategically partnering"...so I say again respectfully to STFU...or not...keep blabbing yourself/selves silly...ha ha ha. And don't you know it, management itself alluded to the fact that a "strategic partner" could decide to buy NSU...would anything stop from from possibly bidding?
So as far as I see it, Timok is either gold or it isn't. If you're a miner worth your salt would you let Lundin walk away with the prize of all prizes for a song and a dance? If nothing else transpires then we know Timok is not all that and a bag of chips. The fat lady has yet to sing on this!!!
So as I said before...
LET THE MOTHERKUCKING GAMES BEGIN...KITCHES (see what I did there?...ha ha ha)!!!
WHOOO-RAAAAA...KITCHES!!!