Do you know when they plan to make that plan known to shareholders? You say you are not affiliated with the people at Nero but "you spoke to Russell Deleroy on Friday". With all due respect you sound a bit like "the messenger" to me. How did you get this gentleman's contact details and why is he answering your calls?
Did Russsell explain how shareholders can force Hawke's Point to accept an offer from RRL when there is no offer on the table. Even the last offer wasn't an offer, it was an incomplete proposal and with the board behind it they couldn't force Hawke's Point"s hand. Since then debt financing for the mine has been arranged.
I'm having diffficulty in understanding how they will explain this plan to shareholders.
If you are right there may be something happening behind the scenes and an "offer" might be back on the table or at least sitting in line of sight of the table somewhere.
I haven't give it much thought but if the old "offer" is now worth 14-15cents, shouldn't the new offer be worth more considering most of the funding is locked in. There is little doubt this is going to be a mine with $107 million on our table. There is a case for arguing RRL need to pay more since slamming the door in our faces.
I would be tempted if I could see a quick pathway for >15 cents. Esh
CMM Price at posting:
7.3¢ Sentiment: Hold Disclosure: Held