Detailed reading of junk from NSU-clearly indicates ----1) The Lunatics are bunch of FU's big time as their antics have clearly demo'd over the past 2 years -- AND --- if they do get NSU this it will be 4-5X more expensive than 2 years ago -- they are stooopid cheap!!! SO - very very big stakes for the LUNatics if they don't get NSU this time. Their investment credibility and share price will collapse (which is already in process) and they will look like total no minds.
2) NSU also FD'ed up big time -- by not getting off their azzes 8 months ago and beating the drum for a suitor -- but even worse they have not been honest about their intentions. Clearly and right from the out set they did not want to sell the company: anything less than a huge premium will be rejeced. They want to keep the company and develop TIMOCK et al. It was a bit dishonest and misleading for them not to come out say this right from the start instead of the all this BS about considering suitors for an outright sale (there are none at this time and they should also state this). The NSU BoD spiel about why to not tender is really lame to say the least. Its one of those 'trust us' arguements (and I don't)
So where does that leave the NSU s/h's at this point in time? somewhere between FU's and FD'ed but ---- It's a pretty straight forward situation:
1) Take the LUNatic $4.75/s now -- obviously at discount value - but "a bird in hand is better than a bird in the bush" OR,
2) ignore the LUNatic offer and wait 2-4 years for the NSU s/h 'value' to materilize - if it does. In the process and in the short term (1-2 years) the NSU share price will drop due to metal pricing costs and above all dilution re: desired partner 'financing'
Either way - Ouch !!!!!
However the next 2months is key --- It is absolutely unneccessary (stooopid!!!!!!) to tender shares to the LUNatics now -- wait at least 2 months. If the Lunatics aren't gettng an up take -- panic will set in and they will be forced to abandon this mini-comic-operetta - or up their bid. You know that if the LUNatic offer was $5.25-$5.50 /s masses of shares will be tendered (including mine). If the Lunatics drop out the NSU share price will also drop
- damned if you do damned if you don't -eh?
The pie-in-the-sky hope that a white knight on a dark horse will materialize is a fairy tale - it ain't going to happen !!!!! so --- wait a couple of months before tendering NSU shares to the LUNatics.