Just think about it - if someone offered $6m for 20% of the company at 0.6c we would take it. If that happened, then upside would be stuff-all. Not enough money to do much and no third party coming for a full takeover. So if the Board was to reject such an offer, shareholders would soon be asked to stump up another $5m to keep Board and execs in comfort. Given the share price, any potential buyer will realise that the seller is embattled. As much as I want to believe that the company is worth multiples of its current market cap, I am worried. The longer these discussions drag on, the lower the cash reserves and the more desperate we become. The only thing that will change my sentiment is a serious JV with a big chunk of cash to drill out and advance Limon. Keep up the optimism Raymond but some of us are really not buying it. DDD
STM Price at posting:
0.6¢ Sentiment: Hold Disclosure: Held
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