RE:RE:PEA update SMlachake wrote: You just throw out a number and call others delusional. So what stops this at 6 and not 12? Is reality wrapped by the limits of your imagination or do you have some 10&20 year npv analysis to back your lowly call? Market control is a powerful incentive, sometimes more that the products net worth. PEA is just around the corner, let's wait for those numbers.
You are correct. $1 Billion buyout is not delusional. That's just under $10.50 CAD/share. Now, those calling for $70-$80+ per share on a bidding war, that's delusional. That's not a bidding war, that's bidding Armegeddon. There are even some calling for greater than those prices over on CEO.CA. This asset is not selling for $8-$10 Billion CAD, bidding war or not.