RE:RE:RE:A lesser-mentioned reason high CU prices are good for OCjwall34 wrote: zins wrote: My worry is someone jumps the gun on ST before the resource is fully defined.
I'm not too concerned about this. My view is that either way it's a win-win. If a major jumps the gun early, they would still need to pay a significant premium over the trading price. That, plus we would get paid out, which for those who have been holding since the 20 - 30 cent range would be a huge win!
However as MS and Adam have mentioned majors aren't in the business of making speculative buys. If they are going to drop a billion+ on an M+A project they will want to make sure it is as derisked as possible.
I agree,,,,
"majors aren't in the business of making speculative buys",,,they wont do a buyout for Billions for a property that is non compliant with modern regulations, I can see a major take an equity position in a future financing especially if this property continues expand boundaries and grades along with the program budget,,.
I also think that Orocos management and shareholder base is as knowledgeable as you're going to find with any junior company so no ones going to slip a low ball offer through,,. This management team has been involved here for a decade so it is not a pump and dump or a quick flip,,. Same with the shareholders, many large positions and long term holders who are well schooled in ST's technical background and potential values,,.