RE:RE:RE:Fork In the RoadThanks for this option goldenl. Just so I am understanding correctly:
You are saying that the USGC and the Advisor were brought on to felicitate a large injection of capital from a VC/PE (they would then gain a large percentage of ownership) which would give LME the financial resources to continue to drill over the next 2-4 years to develop an MRE while still maintaining majority ownership? This would allow LME to continue to do what they’re good at (mine) and the VC/PE to do what they’re good at (invest at a high returns). This sounds good in theory and plausible but my only question back is;
- If we go with option 2 or option 3 above (both of these have large outside investment bankrolling LME’s drilling resulting in a sale in ~2-4 years) do you foresee the stock price rising as large institutions start to inject massive amounts of capital (same steps GBR took)? Or will we be tortured and stay in the $0.40’s. Obviously I know you do not have a crystal ball but would like to hear how you think the consequences of scenarios #2 and #3 will play out?