Don't agree at all ! An objective appraisal is as good as the person who makes it but usually they are of a fairly high calibre . But the difference between an "objective " appraisal and the one you OR management might make is simply that you AREN'T OBJECTIVE . Can't be ...too much at stake . And management are even more conflicted with options dangled on one hand and losing salaries on another . That's why it's done . I also doubt you have the expertise that is needed unless you are a geo and a mining engineer . I've worked on minesites and have juggled numbers from time to time but I know I'm not .
Certainly the comments I've seen here are similar to comments ,(as Crom Valen mentioned ), I've seen from other company's eventually successfully taken over ....not so much wrong as unbalanced . Seeing the potential but not the cost . Now I'm not saying the bid IS FAIR (necessarily) but I do think posters here are not likely the BEST judge of that . The market is right , if this succeeds it will have been the right price , if it doesn't then it was low ball . Let's not be too pompous but wait and see how this plays out .
ARS Price at posting:
4.2¢ Sentiment: Hold Disclosure: Held
