Thursday, November 03, 2016 10:38:30 AM
I'm still not giving up hope that we can go it alone. I've been fortunate to keep my cost average pretty low so I shouldn't get burned too badly in the event of a buyout, but not everyone is in the same boat. And I didn't buy in to break even; I bought in because I thought this was a likely winner to get me closer to retirement.
If a buyout scenario comes too quickly, I don't foresee getting more than double current PPS at that time. I was hoping for something ultimately in the $10 to $20 range by 2020 or so, not 75 cents. If Longtai comes through, I believe we should get to the finish line and be able to go it alone, to all of our benefits. Otherwise, a lot of us will have lost a lot of money. And that's if we are lucky enough to get double the PPS in a buyout - but it could be a 10% bump over PPS, in which case we are all SOOOO hosed...
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