Post by
B4rryLyndon on Dec 09, 2022 2:35pm
turquoise hill vote seemingly approved
I feel like we could have saved a few months of waiting from WRN side had they just held the vote earlier. Maybe a few small shareholders holding out helps us in the long-run?? But maybe now Rio can focus on discussions with WRN.
I was personaly optimistic of a buyout before november 28th now I am thinking March. Am I too optimistic? Rio dosent have too many other deals to take up their time; do they? How long can they realisticly draw out this buyout?
Maybe now Bold Baatar can get this deal done as well! (as he is seemingly not getting fired over getting this deal done wiht Turquoise.
Comment by
jclarke042 on Dec 09, 2022 3:09pm
The last 18 months suggests we have no idea how long it "should" take. You asked in September whether we'd have to wait until October for the results. If someone said "by December 9th they still won't be out," what would you have thought?
Comment by
Sooner on Dec 09, 2022 4:41pm
we have to ask ourselves --- if WRN not producing anything for at least 5 years...what's the incentive for Rio to make any offer before we are permitted....unless another major is known to also be involved in Casino?
Comment by
jclarke042 on Dec 09, 2022 4:46pm
Hence the shelf filing and today's setting the foundation for a raise. On the flip side, plenty of precedent for majors being involved with permitting their new projects. Our neighbor, for instance.
Comment by
Sooner on Dec 09, 2022 5:05pm
at least what i heard today is the add'l share issuance is imminent and may not be necessary.... i suspect not until Q2-Q3 2023 -or- if our share price gets to a level that is lofty enough to justify I hope that by Q2 we have another major with 8% and by Q3 we have an offer by one of them for the entire company!