For all those monitoring possible takeover bids for SBBI watched the CRUX Investor interview with our CEO dating back to 2020 and Bruce when asked about the possibility of M & A activity indicated it was out of his control, however, if SBB were to entertain the idea of a takeover bid the bidder would have to give FULL value of all SBB assets.
I read this to mean that the Hackett Royalty, Goose and George at a minimum would have to be given full and fair value. The blue sky potential could also come into play since we all know that SBB will be a district play unto itself, as Bruce has said on multiple occaions, this is a generational aset.
No worries about flippers getting a quick 30% premium. If a suitor came along and offered $2 per share they would get laughed out of the room quicker than a NY minute!! As we witnessed with Great Bear, any suitor will have to be bringing well north of $1.5 billion just to be taken seriously by the Board of Directors.
I've been a SBB investor for over 7 years, that being said, if there were a buyout north of $10 a share I would give serious consideration to that.