After all, and if we are to take in full consideration what has been put in front of us, here we have an Independent Expert (Which has been paid by our Board and with our money mind you), to prepare an Independent Expert Report telling us that the offer given to us is undervalued by a great extent, and the BOD with some other posters telling us that the offer was good and solid while promoting plenty of pies in the skies.
For what it was worth, I even went to the extent of showing what another company planning to do a takeover of STO was willing to do in order to maintain the offer price regardless of the ups and downs in the exchange rates of differing currencies, but it was all to no avail.
The facts and the reality of it all, is that the IE told us that the offer was not fair and undervalued..Period!!
Like you, I do believe that if we were to mothball the whole operation/mine and wait for someone else to jump into bed with us, it wouldn't have taken longer than six months for that to happen.
And I am sure that we all know what an Offatke Agreement means, and what it can do monetary wise to an intending "going to mine" company.....So, what happened to that.??
Was Glencore willing to offer positions to our Executives and BOD.??
All too late now.
C6C Price at posting:
$2.02 Sentiment: None Disclosure: Held