My argument is, that at the time bought in we were around 85 cents. Lets assume there was a multi party auction as STO made a bid, would we really go close to $1.50 for example? We hadn't upgraded reserves by that point. STO bought in @ $1 and since then we have come along way. It's going to be hard for STO to offer $1.50 when they do bid as they already valued us at $1 when we were significantly smaller in terms of resource etc. I think it's foolish to wait around like they have been. As my accounting lecturer always asks "Would you rather have $5000 today or $8000 in 3 years time?" I just think big investment decisions should not be left to chance.
ESG Price at posting:
89.5¢ Sentiment: LT Buy Disclosure: Held
