Right on Babjak.
It has been a year or more for Irwin's crowd to have their $$$ tied up in Noront. They will be upset because they think they are missing out on other opportunities.
They will be happy with a double or triple because they already have other investments in mind.
The longer term value is unimportant in those circles.
The question is...have the institutions received info that retail has not? I am not prepared to say they have. However here is another question. How do you convince the 59% to support the offer? I will leave it as a rhetorical question.
So with this in mind, 59 plus 7 & 3/4 equals 66 & 3/4. (never was too good in math)
Not too hard to get your quota when you look at it like that!!!!!!
SN