Re: Resumption of trading...repeat
posted on
Feb 06, 2011 11:33AM
Buyout would be great as far as I'm concerned. I suppose it is just coincidence that our share price dropped to the price of management's stock options before the halt. I think buyout would be the cleanest option from Venezuela's standpoint as well as China's. A buyout offer from this price level would arguably be lower and could have been planned. If GRZ was being stubborn (regarding possible China buyout alternative to arbitration), the KRY buyout price may work to Venezuela's advantage in establishing a lower IA award value or convincing GRZ to accept a more reasonable China buyout offer down the road. I know that on paper KRY is worth mucho dollars per share. Obviously.....thanks to Hugo Chavez.....we likely will not get full value in any buyout situation. What minimum buyout offer would Fung entertain? Your guess as good as mine.