RE:RE:RE:RE:RE:RE:I remain bullishI just listened to the conference call after reading everyone's comments. Peter K was careful in how he addressed the question regarding the sales process, but it is noteworthy that he was clear that they are considering all options while not responding directly to the question and saying they have begun a sales process. Based on the professionals representing Nevsun, along with what the company itself has said regarding the data room, it appears to me they are indeed exploring all options. While management may have its preferences toward a strategic partnership, the decision is ultimately in the hands of the independent committee (which knows all eyes are watching it like a hawk and I believe will take its fiduciary duties seriously).
As far as Lundin goes, its actions have been somewhat petulant to date - especially commencing a hostile $0.25 lower than what it "offered" shortly before. If Lundin truly wants Nevsun, they know the number will be higher. How high? As I said a week or two ago, I'm certain they are discussing that exact topic with some of Nevsun's institutional shareholders to see about a getting a "buy in" with a sizeable group before revising its bid upward. The risk Lundin runs if it takes too much time is that a white knight does emerge with an even higher offer that they are discussing.
While I can't blame anyone for taking some (or alot) of profits off the table, I believe the next 1-3 weeks will be very interesting and the result will be an upward move in Nevsun's share price. Just my opinion, so take it for what it is worth.