RE:No Secret 'Bout VULCopperking, I don't think many people are watching or even care about VUL, in fact, VUL didn't even send out SALT's Thursday's Press Release so I don't think many people were away how significant this is to VUL. I think VUL dropped the ball but they are in such a unique position owning 32 M shares of SALT on a fully diluted basis, or about 28 M free trading shares in the market, that it is just a matter of time when there is going to be a rush to buy VUL. Also, VUL has Colchester which appears to be delayed.
At the current price of SALT of $1.88, VUL's cash value on a fully diluted buyout at this price would be about $60 M.... can you imagine a company with $60 M, they could distribute cash, buy share back or acquire a cash producing property, the options are unlimited. The potential multiple trading value of VUL would also add a significant future implied value.
My conclusion, just a matter of time VUL's price moves significantly higher.