RE:RE:RE:RE:RE:Oversubscribed! $2.88 million PPVery fair! Please indulge me as a elaborate a bit on my outlook. Disclaimer- For anyone who doesnt want to read "hopium" posts this is where you should scroll onto something else.
I do see our engagement of the special committee and USCG as the moment where things got really serious with a prospective buyer(s).
A deal was (and currently is) in the works with the finer details all being negotiated and worked out with things coming to a conclusion this is the FandFs last hurrah to get in. Perfectly realistic scenario.
Side note - for those posting sarcastic comments and looking for a huge price spike leading up to a BO this is propably why you wont get it. IF (and i place heavy emphasis on if) there were a leak, or credible rumours do you think they would end up on stockhouse or reach the majority of us? No, i think the most likely scenario IF there were a leak is that the recipients of that info would be the FandF participating in the PP. Again, I have said in the past, I think things are kept pretty tight at Laurion. When the price does spike up a massive amount it will be on news, not rumours, we have all been down that road before and I dont think there are too many people buying LME and driving up the SP because of rumours anymore.
Where I place emphasis on Cynthia negotiating from a position of power ties to what Steve had mentioned in his post about predatory tactics employed to devalue Jrs by aquirors. (am not saying a potential aquoiror is predatory but recognizing there are those in the market who are). This extra cash gives us SEVERAL years of financing under our current budgets. This allows Cynthia to say to aquirors "You pay us our $30 (or whatever number you kool-aid gives you) now or you pay a bigger premium a few years down the road as we prove more and more GEOS. We dont NEED you're money right now." - a side note, this scenario gets even more exciting if there are indeed multiple buyers at the table.
While I want a buyout to happen soon as much as anyone it is paramount to remember that a buyout will not happen in any individual investors timeline but when optimum shareholder value can be achieved. We dont know the when on that or that how much and we wont know until the day of a PR.
Exciting times to be an LME shareholder!