Some people on this forum are certain the game is over, others certain that it will stay public
My take:
-It won't be as simple as a pen stroke to get this passed. This is a major mining development, and in today's world it is clear the ROF has the minerals of the future. There is a process here. The Ontario Government has specifically highlighted this region in their plan to "Make Ontario Stronger" and to "Drive Prosperity"
-Federal budget is out April 7 - likely supporting the EV industry and securing a critical metal supply chain. Can you imagine this announcement on a day we give up the ROF to the foreign buyer? I could be wrong... but I can't.
- I don't see a change in exchanges to accommodate a 14% retail following to be in the cards, or any version thereof... if something happens it will be a total deal shutdown
I don't know what the future holds, but from what I see... this isn't over. If a clean takeover was the goal, it wouldn't happen while the government is highlighting it's importance to our future as Canadians - it would have been when they were silent on the matter.
Keep the faith
- Dave