It is then up to us to say NO if they want to play with us As far as I remember, GB said 1 or 2 years ago that the lower limit for a sale was 1 USD per share.
That was before the re-split, so we are talking about the 320 million shares at the time and thus a lower selling price of 320 million USD.
And it was before the optimized, sensational PEA in June this year.
Since then, copper, gold and silver have risen in price.
Nobody likes dilution, but this was probably not the last.
We need money for further development, no matter where it comes from, it always leads to dilution.
Now some people say we could have been asked. Yes, but it is time-consuming and complicated.
But why don't you all buy more shares at these extremely low prices??? I did it, for example.
And I think if 100, 200 or 500 other shareholders did it, then maybe we would be a little higher, wouldn't you? And you might have compensated for the dilution with that?
Be that as it may: the dilution can be more than compensated for by the expected increase in value.
Now we are facing a drilling program that is intended to further optimize Norte, although a large resource has already been defined there.
Sur could double to 4.4 billion p Cu and Verde is to be completely re-drilled and is good for any surprise. The anomalies there are certainly promising.
In summary:
Commodity prices have already risen and, according to many market participants, should continue to do so in the near and medium term.
This increases the value of Alta's resources.
If the drilling program delivers the results that are expected, this should also increase the inherent value of the company.
We can calculate this inherent value by comparing the value to similar deposits.
And I think we will do that.
Whoever makes a purchase offer must expect that it will be rejected if it is not serious.
I, for one, and those close to me, hold 10% of the retail/public float.
We, for one, will without a doubt reject a dubious offer.
All other shareholders should do the same.
Fortescue has acquired the existing shares cheaply through the financing rounds that have taken place and has thus already saved considerable money with a view to a possible later takeover.
They have to buy the rest of the shares from us.
It is then up to us to say NO if they want to play with us.