White knight strategy splained by GowerClearly the CEO has little faith in the pinkie swears over at CEO.CA re preventing a buyout until $4B MC
In recent interview he talks about CA's being signed "incase a white knight is required"
Always good to have a white knight in back pocket in case a low ball offer comes along
The 2 choices shareholders have...dilution to build out a mine or selling and let others build it.
BFS cost $20M+ on top of drilling costs...small wonder shareholders bail during Development phase
Another 7 cents higher in SP and I have my 10 bagger here, other shareholders have different entry points or ACB due to buying more shares at higher costs.
Of course one sells a lot fewer shares in a 10 bagger than 2 bagger to take "the free ride" and redeploy initial capital into next 10 bagger. The compounding can be quite remarkable.
To each their own investment strategies