RE:RE:RE:RE:Re: Here you goHeywood_Silvers wrote: OK Tootall, I"ll put this into some simple perspective someone like you can understand:
Since we both hold MTU shares, I'll use that as an example. Let's say for argument's sake that next week some major comes along and announces that they agreed to terms with MTU to buyout all the outstanding shares at 2 cents Canadian and then brags that it represents a 33% "premium" to the 52 week low trading price for MTU.
I GUARANTEE you that you'd be pretty miffed that your 3rd largest holding is getting bought out at what would either be a loss or at best break-even for you. WOW! Now your eyes suddenly opened up and you thought to yourself, oh now I get what SBB owners are upset about. Duh!!
As for me, Sabina is only my 7th largest holding and at worst I'll break even on this, but we SBB shareholders should really be getting much higher than the paltry scraps B2 believes we are worth.
What you need to understand about PM juniors investing is that you invest for the lucrative buyout, not to be poached when your share price is trading at the lows due to incompetent managment's failure to protect against lowball offers. Look, I don't fault B2 for making lowball offers, it's the spaghetti approach: throw a bunch of offers out there and see if anyone is foolish enough to take it. My beef is that we SBB shareholders were led to believe that Bruce and company were building something here, instead he wants to strip it down and sell it off for less than it is worth. Really poor managment and if you call yourself a legitimate PM junior investor you obviously understand that even if you don't want to admit it.
Speaking of spaghetti, Heywoodyoutakeitdownanotch, yours will be a huge serving con crow if BTO is being played to make a public bid and force the others to make a competing bid. Maybe ease off on Bruce until we see if this strategy leads to a bidding war. It's just my speculation, but I won't be choking down a "murder" of crows by waiting a couple weeks before I go get my pitch fork and torch to join you and all the angry villagers. Just sayin. Side note. A large group of crows is known as a "murder" of crows. Very self explanatory if you've ever met a couple dozen harassing an owl, hawk, or cat near their roost.