RE:WowIt's why i've personally been saying ---- you take the 5% of metals for the stated "in excess of $200m". 20 yrs, i've never heard of a deal like that being passed. Regardless of anything else potential. It's why i've also asked: Do you take that deal & then buy-back SB?? Yes we will be the world's cleanest PGM mine, but also not the only concentrate in town. You gotta secure yourself a floor & that 5% sure's hell sounds like good all around "protection".
"5%" not going to keep an honest buy-out offer on the other 95%, from occurring. Besides, that money stays on Generations books anyway. I get the deep pockets behind Generation, but i just can't wrap my head around rejecting the "$200m". A non-dilutive positioning. Only 1 thing seems to make sense --- buy-out. But i would protect the company's backside, during the process.
Maybe there's also a partial future stock swap, from any potential buy-out. Cash/shares ?? Maybe explains why 2 months post-SB, nothing fundamental has moved. We, shall, see...