RE:License Thoughts How do you sell an entire business when you have two outstanding drill commits within the short-term? What major signs up for that risk profile? None, why do you think there hasn't been a drill yet.
Come on WCP, how can you be so sure De Alba wants to be in this long term? Where has he ever stayed long term? Farming down implies he wants to be around for a while, what capital market guy from New York wants that?
the government could have held CGX accountable for two drills, where would the money come from that? Conceding early, no commitments, he may have just saved you more dilution and many more months of agony.
This is the pathway to an outright sale, imo. Did they piss away two opportunities? Maybe, we won't know for a while. Does getting rid of these two give you any further confidence they know what they have at Kawa? Why on earth would anyone openly shed two opportunities for an unfavorable situation at Kawa?
Let the man work and quit being so emotional