I'll need to review the meeting again to gather more info and clarity...but I wasn't upset with it. They had all big guns attending the call. EE was there too listening to it all.
Elmer faced several hostile questions from people which he answered honestly and to his best ability. Everyone should listen to Q&A once posted online.
Some of his answers were definitely interesting.
things that stood out....
Teck and Cuu are talking informally (Elmer said it's no secret)!
Elmer said in his opinion, Teck wants to buy us. Another interesting statement.
He objected to the 3-5 year wait.
He stated buyout price based on new npv, potential, resources, JV deal. Also saying 100% of nav is possible. Big money.
The presentation had implied value for SC, need to review it again....but looked over 4 billion! Our share 25% is 1 billion!
Many other good answers too.