RE:RE:RE:RE:RE:Fidelity Investments in WRN ....Our (sometimes bumbling, yet mostly beloved) CEO was talking tongue in cheek when he said a $2 billion buyout won't happen. He was basing that supposition on unreasonably low metal prices combined with an unreasonably high discount rate on the NPV calculation all taking place in a lackluster environment where nobody is engaging in M&A.
Now, fast forward to where reality is leading us...... $5+ copper, $2,500 gold, expanded resource base north of 21 million ounces of copper, a heating up M&A environment, a renewed gold bull where fiat currency is bleeding out due to rampant inflation and construction on the Casino Road underway.
We are in two worlds Sooner. You are stuck in the present/past and I am in the future. Trust me, it is MUCH brighter and happier environment on this side of the fence. Don't worry, to quote Bono, "Time is a train, it makes the future the past......." You'll catch up with the rest of us eventually.