RE:RE:RE:Merger DD : Remember When ANX Bought Orex? DoumDiDoum,
I would remind you that FAIR market value is defined as the maximum price you can obtain in an open market without any restrictions. Not what you FEEL it should be worth. Right now, everything surrounding small non producing miners is absolutely awful. There is very little interest from investors, finance companies or royalty buyers because there is very little probability of succeeding in building a mine.
SGNL has been soliciting any and all types of offers SINCE MARCH. So, you should not expect to get a better offer from some other entity that has not shown interest until now. Unfortunately, you must trust management when they assess that the best available offer was the one that they forged with NEXG. The current deal has obviously been NEGOCIATED at length between both companies, as I’m pretty sure it was not the first offer presented by NEXG. They also got Nebari involved along with some deep pocket investors for the financings of both companies.
I feel you lose a bit of credibility as you have stated before that you feel the people involved from BMO Capital Markets probably don’t know much about the valuation of mining assets, but then you insist that YOU know what SGNL shares should be worth and that all the mining engineers, CPAs, advisors and other experts involved got it all wrong.