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will buy Renard on their own. No pandering or capitulation to...

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readyaimfire

11,421 Posts.

1513

04/07/24

14:20

Post #: 74608224
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Originally posted by Amateurhour ↑

Thank you for that video.

I'm not sure I share your interpretation of the caution on accelerated timing. I believe it was intentional so as to not appear smug and possibly put any political or administerial noses out of joint that are probably right now accelerating approvals so as to get an already heavily govt incentivised and invested industry off the ground AND sell off a stranded asset,
His highlighting their focus primarily or almost exclusively on downstream partners that will produce in Canada was also publicly virtue signalling what has obviously already been discussed privately with the decision makers that have the ability to promote approvals and other bureaucratic red tape. IMO.

What I took from the interview was a very confident and almost aggressive stance on being in control of their destiny in relation to M&A.
The foremost reason for the recent apparently poor credit raise was to show the world that they have the funds and can and will buy Renard on their own. No pandering or capitulation to weak offers and thin wallets when they own a $1B processing facility AND the number one indicated resource in North America - from the surface.

CE was quite particular that the Renard deal would be done and THEN they will line up the suitors. There was also mention of plans for Power Metals that they wont allow to be diluted as far as value is concerned on top of that.
There were a lot of names being thrown around and that has never been their game in the past. I would think there was a reason for that.

It sounded a lot like someone who is in the drivers seat of the best bus in town and knows it and won't accept a valuation of anything less. IMO

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will buy Renard on their own. No pandering or capitulation to weak offers a.......

Considering it can be done with WR1 shares the above comment makes no sense.

WR1 Price at posting: 76.5¢ Sentiment: None Disclosure: Held
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Last 52.0¢		Change 0.000(0.00%)		Mkt cap ! $115.1M

Open	High	Low	Value	Volume
52.0¢	53.0¢	50.0¢	$143.1K	277.1K

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No.	Vol.	Price($)
1	987	52.0¢

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Price($)	Vol.	No.
53.0¢	5000	1

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No.	Vol.	Price($)
1	987	0.520
2	50990	0.505
6	91001	0.500
3	20700	0.495
6	48639	0.490

Price($)	Vol.	No.
0.530	5000	1
0.535	12169	2
0.540	371	1
0.545	26000	2
0.550	31500	2

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