RE:RE:RE:American Creek announces Mailing Sorry Signman, gotta disagree with you. Take the money at $0.43 and run. Actually, if you think it is a lowball offer, just take the money and put it into Teuton. You get the same 20% carried interest, plus an NSR, plus other properties, and probably at a much lower market cap than AMK at $0.43. I.e. Teuton is almost guaranteed be trading at less than the $209 million market cap of AMK at buyout.
This is truly a win-win. You win with the AMK buyout and then win with the discount on Teuton. If the bid is rejected, AMK will drop. You might wait years for it to reach the $0.43 level again.
I know some long term holders have some ill will towards Teuton, due to historic disputes. However, these are financial investments/speculations where folks would be best served by keeping illogical, emotional considerations out of their decision making. If this is not possible for some, take the AMK buyout funds and put them into Tudor, which will also likely be trading below their $630 million pro-rated 60% project value.
AMK management should be commended for obtaining this buyout, even before a maiden PEA. If AMK held a 100% of Treaty Creek, I could understand rejecting the offer and waiting for further development. However, in this case you have two other options, at a disount, for retaining an interest in Treaty Creek.
Signman wrote: I'm with you Ford. I suspect that is the reason GEM upped their financing availability a while back. IMO there is no down side to voting no. IF there were enough people on public boards voicing there desires to vote no they might up the offer. (If anyone is picking up what I am putting down ?!) If it gets voted down due to shareholder disappoval of the low price does anyone think Cunningham would not increase the offer ?? I mean they are already selling their tokens assuming this goes through. Cart before the horse is a bad negotiating move IMO. You think they would throw that out, or just increase the bid?
While true many want the quick money .. I would suggest a bit more stategic thinking like this might get us a better price. They are getting a screaming deal. One that I still wish fell through until a PEA comes out and would be at .43 or more anyway. With a buy out much larger someday soon. So again I can't see a good reason , for me, to not vote no. And if everyone agreed (though I know others have different outcomes in mind) we would make much more monye than just .43 cents. And this deposits 20% is worth so much more.