Here is what potential suitors may be looking atWe all know that WRN is on many potential sutiors' radars. Some here yak and moan about why the acquisition hasn't already occurred. I think one reason why this whole process is moving at a measured pace is likely due to the building of the Casino Road.
We know that the government has expressed their intent to build a good portion of this critical infrastructure needed for mining. However, actually talking about doing something and actually doing it are two different matters altogether. From my perspective having the road completed would be as important as the final permitting.
Regardless of whom ends up winning Casino, it will be a multi-billion investment just to acquire our shares. I am sure the major(s) will want to have confidence that the ducks are all lined up in a row before taking that plunge.
I'm not worried about the permitting, nor necessarily the road being built, But, we do have to wait for the pieces to fall into place. We are somewhat at the mercy of how fast the government moves as well as how fast the suitors move and even to a certain extent how fast Paul and company want to move if they go the permitting route.
All the pieces have to fit and Paul only controls one piece and even then that is somewhat influenced by how fast the other two pieces can be put into place. So, if we all have to wait another year, so be it. It will give time for the dust to settle with Newmont/Newcrest and then all parties to the dance can come together without any overhang. Besides, there is a very good chance that markets worldwide implode and we'll all have one final chance to get more cheap shares before the acquisition occurs.
PS my condolences to any other invetors out there who got the scroogie from yesterday's Sabina vote. We can try to make up for it here at least!!