RE:RE:If a offer is madeJetstream1281 wrote: Byhi wrote: It will be for the whole of what we are willing to sell of
the portion of T.C
so stop your B.S.
Go on dremaing
That was incredibly painful to process......but what i got out of it was literally the exact same thing i just said...TUD will purchase the AMK/TUO fractions so that they can sell the lot as a whole, or a single company scoops all three...Doubt we see any piecemeal offer made.....
That would be a perfect world transaction, but in reality how will the relative share prices be agreed upon as all 3 are trading significantly less than they are worth.
As a TUD shareholder I would not agree to the other 2 companies getting a premium and not having to spend a penny for exploration. Covid has changed everything so the original agreement may need revisited in light of these unforseen circumstances.
I don't see any reason for TUD purchasing the other 2 in advance. As part of a negotiated deal with a buyer yes, but TUD has to do more drilling so I really can't see that happening unless the price shoots up to $5 + and money becomes easy to find.
In this horrible market I quicker see TUD being sold 1st to a buyer who then calls on the other 2 x 20% partners to find the cash to go into production. They either become JV partners or will guarantee the new buyer leverage to get a better buyout price.
It's like a chess game and TUD holds the key to the entire area.
GLTA