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11:04
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Originally posted by DannyC25
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I take supposed past $1/share offers with a grain of salt. A Board has a legal obligation to present any offers to shareholders with a recommendation e.g. "we are of the view the offer is too low & recommend shareholders do nothing". I've been involved in a couple of takeover offers & the Board has put all offers to shareholders with their recommendation. On a different topic, RIO's name keeps bobbing up as a possible suitor. While they would be welcome I doubt at this late stage they would be involved b/c the DRC Govt will have the final say on who the players will be. RIO could be part of KoBold's solution but I doubt it would be a clear cut KoBold vs RIO. Also, it's worth remembering we don't own Manono, the DRC Govt does. We've spend over $200M to prove up the resource via drilling & no more (there's value in the IP). The greater risk is spending a billion or two or three to build a mine & supporting infrastructure & then have the DRC Govt change the mining rules e.g. doubling royalties or having caps on production quantities. Just my two bobs worth. But hey, what would I know as I don't have my ears & arse near the ground.
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This is not a take over, but a sale of an asset.
