Buyout out or no Buyout?
As mentioned by others, Mark and Jim have made clear that they intend to develop, build, and OPERATE a mine. That is their goal. Jim has also made clear that if they receive a viable offer, they are obligated to present it to the stockholders. We sit on this forum and come up with all kinds of theories and postulations about all kinds of things. Much of this is because we have NO direct control or knowledge.
Buyout is in a whole different category. There are two things we DO know: There will be no buyout if there is no offer. If, these is an offer (and management deems it realistic) it will be presented to the stockholders. That is US. We WILL know and our opinion WILL matter. The opinion of Mark Smith and walterc will matter more, but we all (at least all of us who actually own stock) get some input. We will all be that guy Douglas Platte describes. We will need to decide. Do we hang tough, repair the antique car and go for the whole $40,000? or Do we sell out now and bank some decent profits? My personal thought process in case this arises: we have got some real good car mechanics running our company who probably know exactly how to repair this car and have a real good idea how to get the parts. In fact they are so good at this that hanging tough has a lot less risk than people might think. Why do I think this? Because they did this once before. They did repair the car, it was running well, it looked to be highly profitable. Then a Chinese gang stole it out of the garage one night.
