OffersAs we all know no one can buy IVN unless the Chinese and RF are all on board. The three of them are tight and will not cross one another. Since the own over 50% of the shares then a hostile bid is also usless.
The only way this is bought out is if the Chinese make an offer and they would have already talked to RF about it and RF would have already agreed to the offer.
The Chinese don't care as much for the dollars as they care for the metals that IVN will be producing for lord knows how long, ( maybe 100 years)
The Chinese own roughly 38% of the shares of IVN so buying IVN at any price gives them a 38% advantage as they don't have to buy theire own shares /pay themselves.
A 50 billion offer by the Chinese only really costs them 31 billion. Us shareholders would receive around $38.00 per share.
The only issue I see for the Chinese is that when the drill bit keeps increasing our reserves and the new mines keep opening up then the Chinese would be paying more and more as time goes by. They might have to offer 75 billion or higher if they want the prize. What is a fair price and a good price that RF would give the nod to???????
This company will be cranking out huge,huge profits and also paying huge dividends soon.
As for TOP, well IVN is his biggest holding (95% of his portfolio) and his smaller holding is 2 million shares of TLG along with a couple of other smaller share amounts. So I Know for a fact that he is doing just fine. Looking forward to picking out his yacht with him, probably heading to Florida with him soon to look and test out a few yachts