This interview turned out much in the way I had expected it to. This deal was put together by Frank G. and his people to aid BW move their cause forward. Keith or Dan were never mentioned, but they had their say in what went on here too, especially Keith.
He talked about all the DD that he and Jeremy Wyeth did in getting this deal done, but at the end of the day the final approval was given by Keith and confirmed by Frank G., these other folks were just there to hash out the details. The main thing that happens in this deal for BW are, they get to enjoy the ride that comes in the upside move on the Lassonde Curve, when the mine construction comes. Shareholders of BW stock will not have to sit and wait for their shares to appreciate at a much, much, later date. Frank G. and BW shareholders get to ride the bull market higher too. If I were a BW shareholder, I would be happy as hell with this deal. Frank G. knows that was his goal to do here.
The biggest upside that Treasury is getting will be what Frank G. brings for financing the Goliath mine construction and I'm sure it will be a lot, so as he said in the interview there will be much more coming out in the near future. I thought I heard him say that the plans for mine construction could come as soon as the next 12 months. Any big weakness in the Treasury shares before then would be a great buying opportunity.
I could be wrong, but I still believe Frank G. owes us more than what we got from this deal. Sure, all the Treasury shares we're holding will go up in value sooner than later, but if Keith is who I think he is, my guess is we may not have heard the last from Frank G.
My suspicion is that Keith may be holding his feet to the fire on coming in as an investor in FMG. Time will tell on that prediction. We did Frank a favor, maybe he can return the favor to us? LOL
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