RE:RE:RE:Where my heads at Seems like there is some major polarity from respected posters (that have much more knowledge than myself). @Lambo seems to think we are in the midst of a BO for a low of ~ $9USD/share, while @goldenI and @planthouse think we are years away and not even close to $9/share right now.
Can the other members of the LME Stockhouse Mount Rushmore chime in please: @ahsineeg and @DAM$, you’ve both been active today and I know from your previous posts have kept detailed filings of assay results + data. I think I speak for the whole forum when I say your opinions would be appreciated, valued and respected.
To me, this polarity comes down to LME not being transparent – which could be strategic. I just don’t understand why they are taking all of the steps outlined below if a BO is not their main priority right now? If they were looking for a large cash injection for a JV (especially from a major) would they really need to go and create a Special Committee and hire an FA (or could Cynthia not just pikc up the phone to her industry connections)? How will they face the music come AGM when the stock has decreased/flatlined the entire year at the same time gold is going almost parabolic? With past case studies shared by @ahsineeg, once due diligence is completed and terms are set they more or less go in to lengthy bidding wars + exclusivity periods with suitors (these seems to have taken months in past case studies, but I would hope they’ve been happening in parallel while the below has transpired…)
1. Special Committee Creation (June 2023)->
2. Announcement of USCG (Aug 2023) ->
3. Property of Merit +ESG report (Feb 2024) ->
4. 3rd Party (USCG) Due Diligence Completion (June 2024) ->
5. Removing of USCG from PR’s Due to Broker Compliance (Aug 2024) ->
6. Finalizing Deal/Sale Terms + Commissions with USCG (Aug 2024) ->
7. USCG now creating an Investor/Acquisition Package (Oct 2024)-> ???
We can't really be YEARS away here can we?? I don't know if I have it in me tbh