RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:Assay Results and "The Page"suregold wrote:
Yet, just a few days ago, I was labeled an idiot to even suggest major companies would be all over this play. All they have to do is to make an offer that Pallisades and Sprott are willing to accept. Sprott is 75 years old and already built an empire n the mning funds sector. Very doubtful he is wanting to do the same here. He has aproximatley 28 million shares and any acceptable offer for NGF might just move him up to the $2 billion wealth mark from his supposedly $1.5 billion net worth now!
Suregold, I am not calling you such or making any such definitive call.
I will say, many have a false understanding of the balance sheets of these major companies. I posted about this before. They are not the US govenement with a printing machine. They are also very very relunctant to make billion dollar deals on exploration companies. Go back to 2010-2013 and see why. It took them years to unwind the massive debt and impairment losses on projects.
NFG has a market cap of $2B and with even a 35% premium puts a buyout at 2.7B? How is a major gonna finance that? If something goes wrong, shareholders in any buyer will want blood. Not easy to make those type of buyouts in this space.
Further, the tightly held ownership group of NFG thinks they have the next LEGAL Brex. ES would love nothing more than to leave NFG as his flagship with tens of millions of high grade gold ounces.
I do not see a buyout, but in junior mining expect the unexpected. Just because it could happen does not make it a good call on a buyout. IMHO.
We would all make money on a buyout, but in the case of NFG, I do not want it. Lets go for gold and I think ES and company will never never leave millions of ounces on the table so he can retire. These guys are not wired that way. Come on man.
BC