LIK Project takeout around the corner soon?????Chris said on slide 33 "During the past three years, Teck has become increasingly more engaged and enthusiastic concerning Lik. Teck wants to become majority owner and manager of the JV".
then he placed a comparative acquisition value slide on slide 34.
so,.....
likely cash deal given its Teck. Hope we retain a royalty for future.
cash needed for Golden crest and maybe a special dividend to shareholders or even stock buyback.
best to place Golden crest into a spinco early and leave Bongara in XPL with its carried interest with JV partner Nexa. Some cash from XPL moves to new stock and then maybe does a good size raise to go up against Dakota .
Overall, even at close yesterday, the stock has trmendous value. Good luck
I think this gets cleaned up soon.