RE:RE:RE:RE:RE:RE:RE:Very quietclavat2224 wrote: When drill results start coming in, how does management balance continuing the drill program to get a higher buy out price vs accepting early bids from majors?
the drill program is going to go ahead regardless of timing of bids coming in ie work doesnt stop while evaluating a bid
once work starts and results come in there will be a massive amount of data from 6 rigs or more 60 to 80 thousand meters is a very big program, like one a major would undertake so it will draw eyeballs from the indusrty.
those that sign the NDA will take the data and incorporate it into their internal models and determine a bid they submit.
work continues no matter what and others will be able to use that new data to come up with their bid.. so as time goes on models become more clear for those that wait. but pounds of copper pile up so the bid must be higher..
once a bid is recieved it will be evaluated by legal and technical teams and a reccommendation given to management to accept or decline.
once management has approved it will be put to shareholders to vote if it is acceptable
once a bid is public the share price will usually move to a few percent of the bid price and can sometimes go over if it is thought too low and another bid is incoming..
say monster copper co offers 7.50 the sp will say trade at 7.25 to 7.45 it will stay in a range as the eveluation is going on which can take some time depending on the complexity of the bid
if super giant copper wants us more the bid will rise to say 12 and so will the sp..all the while work continues..if during that time we strike a big hole at brasiles or a long high grade hole or extend the depth or a big stepout...any offers up to then will be too low and we start again..
or ultra massive copper decides it needs 50 years or more of copper knows the spot will be much higher in 5 years and comes in with a 20 dollar bid.. we all go away rich and ultra copper has one of the only remaining generational assets on the planet win win!
very exciting times ahead and with OCO in the starting blocks waiting for the gun it surprises me people are selling..
be right
sit tight
get rich