We have talked abiout takeovers before and many seem convinced that is where we are heading. It's not the vibe I get from Bruce and the announcements. Various things BM has talked of over the years suggest a long term vision (the quartz play, CSG joint venture etc) and a desire to see those projects through - I don't think they want to hand it on to others. And the modest capital requirements to get to production means there is little risk of them being manouvred out of power.
Obviously, none of us know if the board have a figure in mind where they would hand over the keys and sail off into the sunset. But everone has a price. If a buyer came in with a (very large) suitcase full of used $50 bills and said I'll give ya one and a half billion $ for your company, who wouldn't be tempted to grab a quick $3/share for a quick 30 bagger? I guess it could happen?
VRX Price at posting:
9.8¢ Sentiment: Buy Disclosure: Held
