RE:All the animosity towards CNC.Appreciate your thoughts as always. Many great points - but what about the potential there was no deal to be had at the end of the day? What if due diligence concluded no dice and it wasn't CNCs choice? Isn't that also possible? Delays, then more parties interested, then big companies move slow, and then 4-5 months pass and two self-imposed deadlines pass and no deal which was mentioned many times publicly - needlessly. Deal with strategic imminent yet instead we see a weak flow-through financing. No big players - lots of talk about new "institutional support" but I see little actual evidence of it. Lots of talk of millions more on demand yet price sells off continuously when share now available for cheaper than financing common share price. What the promoters are saying here doesn't add up which is why I sold - just should have done it sooner.
apapas1973 wrote:
There have been many discussions here lately with opposing views. Price targets I've discussed prior to this post so I won't mention again. Addressing DrNo, there are valid points there. I think the biggest problem here with the bulls, myself included, is that we're waiting for the promised strategic which presumably would ultimately lead to the takeover of CNC. Why Mark chose the other route nobody knows. I've always said that if CNC chooses to go it alone it will take much longer but we ultimately see a higher price. The takeover would come in, at a more advanced/derisked stage and the premium would be much higher . And yes there will be dilution along the way. But we have some room still. The strategic gives us the instant gratification but who knows what the deal would have been. I'm guessing based on Mark's Previous remarks about not giving away too much of the company, is the reason for the change of direction. But what everyone has to remember is every CEO has to act in the best Interest of the company/ shareholders. Doesn't mean those decisions are always right. They have to assess the current and future commodity direction, access to credit, permission of permits etc, etc. For Mark to chose this direction, tells me all the obstacles can be addressed. No Intelligent CEO would pass on a deal if they didn't confidently think they could put this together In a more profitable way. JMHO. GLTA