RE:RE:RE:RE:RE:Comments from a Gold Silver Expert No disrespect taken.
I care little about the mine, or CXB for that matter. I jumped in as I seen an opportunity to make good money, fairly quickly and somewhat limited downside risk. I am the same person that jumped on here in the mid 80s when people where trying to figure out why it wasn't trading over a dollar when everyone was ignoring the issues that still had to be dealt with, namely time to production and final funding needed, I believe my wording was something close to "this could easily into the 70s (or 60s) before returning to $1"... I didn't foresee a dip coming at that time, but when it did I jumped at the opportunity, a couple times. I don't begrudge a company coming in and taking advantage either, as I said in previous post, most of us expected and were waiting for it...
Don't think I'm overly pleased with this deal, I too will be voting against the transaction based on valuation of the combined entity that the Nfld mine will make up closer to 50% of the current companies predicted production profile from what I seen, and for CXB kicking in the final funding they should recieve a discount as MOZ no longer needed to work, I figured 40-45% would be more acceptable than 33%.
That said, I'm really splitting meaningless hairs in my above thoughts, as this transaction is now a formality even with us retailers disliking it, it is extremely unlikely a better offer is coming as it makes no sense to other companies at this point as CXB has very smartly made anouther offer either useless and/or more advantageous to themselves and less attractive to others. I've mentioned before, at this point it would be more useful for someone else to take a run us in the CXB package than compete and us defend the MOZ asset. I've instead moved on to figuring out my plan with my soon to be CXB shares and what they can achieve for my portfolio, rather than crying about management and the transaction, let's look forward to the path to make money. We have not lost the upside of the asset, its just now in a different, more complicated package.
I have had CXB (and several other miners) on my watch list for similar reasons to MOZ, looking for a way to make good money on a somewhat irrational dip, the only reason I took MOZ was because I was more familiar with the story and seen a clearer path to gains in multiple scenarios, which included this result.
If CXB were to make a transaction offloading the Nicaragua mine, would that be more attractive to you? (Just a general question to those disliking the Nicaraguan part) I've said before that location risk doesn't bother me, it's mildly attractive to me to have assets in a variety of locations even with political risk.