Post by
oilinvestor2022 on Jun 09, 2022 11:31am
RBC Hired for Investment Banking Relationship
The company is blacked out with respect to what can be released or said during this time frame. RBC would have a number of different things that they would be doing: 1)data room available 2)Phone calls to all relevant players 3)review of strategic alternatives which may or may not result in a sale. 4)provide a valuation that would be used if a hostile bid were received. 5)they wont release that number in case they get more for the company. IE) hypothetically if their mining analyst says that in his opinion its worth 50 cents then they dont want to release it in case they get more. 6)sometimes a deal happens on a friendly basis with a break fee and then more bids arise after a press release. 7)this asset is strategic so I am thinking to maximize the value they want to get a BHP, Vale or big player involved. Wyloo can then bid against them. 8)RBC knows how the game works and will look into all options. 9)Joint ventures could be possible as well. Do your own due diligence and good luck to all!!! Oil investor
Comment by
Mistyblue on Jun 09, 2022 11:44am
Olnvstr excellent overview which also has a strigent timeline associated... Concur. MB...
Comment by
ETalien on Jun 09, 2022 11:46am
We just don't know if this is happening. It could be a partnership with the FN or it could very well be a sale to the FN and the new company. But then again, nothing could be happening!