Post by
oiltar on Apr 07, 2017 8:32am
If you were Sean Boyd
Would you dither on a bid for SBBs what is clearly on its way to a 10 million ounce high grade gold discovery Back Water in your back yard and hand over you first strike option that you now have availble with your understanding of geology and GOV relations to a rival to gain a foot hold in your 100% current control to Barrick, Newmont or Gold Corp?
Would you wait for the NIRB to rule in favor of Back Water so add say $300 more million in market cap of SBB?
Would you roll the dice and take advantage if the NIRBs actions so far that lowered the market value of a $10 billion asset to the cheapest high gade gold deposit by the ounce in North America and bid for SBB before your rival calculates the odds to favor a positive NIRB outcome?
What is the cost to not act on SBB during the window of the review to your share holders if your rival strikes a friendly deal of a buy out of SBB before you do.
Do you want a rivil that is three time your size like Barrick who is shedding risky locations to focus on Canada and the US gazing out new discoveries in your back yard?
What are you going to tell your shareholders when a rival bids for your logical target?
Comment by
Kidlapik on Apr 07, 2017 8:36am
Considering NIRB rejected it once, yes I would wait. Caribou are serious business in Western Nunavut.
Comment by
shneps on Apr 07, 2017 9:46am
I find it slightly bizarre, having visited SBB website for the Back River Project, of seven photos they show one is of calving caribou. Makes you shake your head a little does it not? Quite possibly the reason for the project never going ahead and they're advertising it.
Comment by
griefman on Apr 07, 2017 10:50am
Oh sorry, I thought this was the Pgd forum....I guess I'm mistaken, again!