Something I'd love to know is:
What is the average price paid by rosseau for its 10% of the company?
My concern is that with our SP so low, a company could try to sweep in and take the comapny over.
If they offered a 100% premium to the current SP of $.92, I wouldnt want to predict the outcome. My average cost is about $5.46 so I would be up Sh*t creek.
This is the big opportunity now for cash rich companies to go out and scoop up some nice assets.
I'm too gun shy right now to start buying some of these resources stocks at these prices for fear of a multi year recovery. I did recently average down on my BMK but with Noront, I already have too much invested.
I'd feel a lot better about our prospects if I thought Rosseau had paid an average price closer to mine.
Look forward to your thoughts and insights
regards
ahead12