O f all the buyouts that have taken place over the past few years, how many of them have been anywhere near their previous highs? Can you provide examples of shareholders (even those who had purchased shares at previous years highs) made out well?
Holy cow! You still don't get it. Everyone here ( but you and HH ) are talking about the value of the project, once optimized. Let me spell it out. Copper Fox will sell it's 25% stake based on the NPV of the optimized project plus exploration potential. The selling price will have nothing to do with the share price of the company. So CF sells SC and cashes the $1.135 B cheque and considers a special dividend. What are you going to say then about the value of CF? Like, 'The cash is not really an asset'??? Unreal!
A couple of years ago the market bid up the shares of the holding company to $2.75 when the company held nothing else but one much-less-developed and much-less-derisked project.
People who have done their proper DD before blurting out anything here know that the Salazar agreement always held for Teck the back-in for 75%. If you were somehow fooled by all the clear explanations of this here from credible posters who back up there claiims then ''you being fooled' is ultimately the result of inadequate DD or comprehension on your part.
