RE:RE:RE:RE:RE:RE:RE:RE:Canada's Minister of Innovation, Science, and Industry Aaaaaah.......Sooner, now you are seeing things how I see them. In any buyout, what is the cost to acquire all the outstanding shares in the open market? Invariably, much, much higher than what the normal suitor wants to pay. My hunch is that in most M&A scenarios, the shareholders are not receiving maximum value but rather the lowest figure which allows the institutional (i.e. lazy) shareholders to turn the tables on the retail investors and rubber stam an acquisition.
Best thing that can be done (which I trust Paul is doing) is to set the bar high enough so that no matter what figure is ultimately agreed upon, the overwhelming majority of shareholders walk away satisifed. You believe the bar is $6. I say double that. These figures should change as circumstances dictate (i.e. revised PFS, market conditions, macro events, etc.).
Wishing for a buyout at the present time is idle talk as the juniors continue to get hammered as a precursor to the general market rolling over. Now actually is the best time for RIO to attempt to pull the trigger, which means it is the worst time for us shareholders.