RE:RE:RE:RE:RE:RE:RE:Not badI've really enjoyed reading the theories from both sides as to what WRN will sell for. I'm no expert when it comes to M&A, but what are the chances that everybody is right to a certain degree?
WRN and RT signed a CA last year, and word of it never got out. WRN went through more studies late last year with M3 and have drilled more holes. If I'm understanding the timeline here, I believe all the "extras" have been done since the CA was signed.
Is it possible that there are two agreements in place right now between WRN and RT (or even a third party that has yet to be identified)? What if the first agreement has a buyout range based on previous PEA and FS information, and another range to be paid out after the updated PEA is released using more accurate and current numbers? If most people believe the PEA is already in their hands, maybe the delay now is due to them agreeing on a final deal?
Just my thoughts on the matter. I’m not siding for any one particular opinion (although it seems to be Metalhead vs. the world on this), but I’m happy to read both sides to help me understand differing perspectives.