Hi, in the post below LBSR talks about the different scenarios of a Peeble buyout (100%, 50%, etc.)--with NAK remaining in the exploration business...
Can anyone tell me what the different options of a partial buyout might look like concerning our shares? Do they port over to the buyout company in anyway?
Thanks, I understand you are just helping me understand possibilities and are offering your best options and ideas. (And things could end up very different.)
Thanks!
LBSR TO DA MOON Member Level Wednesday, 08/14/19 06:41:30 PM
Re: Bruce the Stock Guy post# 19253 0
Post # of 22329
As much as I and my 1M NAK shares would love to see a buyout by mid-October, in my opinion there is absolutely 0% chance of that happening.
First of all, I don't believe NAK is for sale at any price. What is possibly up for sale is NAK's 100% interest in Pebble Limited Partnership (PLP). The most likely scenario is NAK selling a 50% interest in PLP and becoming equal partners with one of the majors, as has been done in the past. I believe the long term plan for NAK is to drill the claims they received from LBSR years ago, as the possibility exists that those claims contain several "Pebble-sized" deposits.
In my opinion, the chances of a NAK partnership and/or a buyout of their 100% PLP interest are as follows:
Less than 10% - Prior to release of the Final EIS (which I believe has a 50/50 chance of being released prior to the end of 2019);
Less than 50% - Prior to Record Of Decision (which I believe has a 50/50 chance of being released prior to Q2 2020); and
100% - After Record Of Decision (regardless of whether or not the ROD includes restrictions).
As always, time will tell. Back to lurking...
