ECU has significant and large shareholders who would never accept or even consider a bid anywhere near $3.50 a share and these shareholders control more than 50% of the stock. ECU will be sold someday when silver/gold is much higher, the company has had time to show a much larger resource in the M&I category plus inferred and when it is in the best interest of shareholders. This is many times higher than the present price for sure.

I also note that hostile takeovers in this sector rarely succeed and are rarely attempted. In the case of ECU I doubt any hostile attempt would stand a chance but there is a price point where the odds would be higher but again it's many times the present price.

ECU is entering a sweet spot where there will be news on many fronts in the coming weeks and just in time for a higher move in silver/gold and a positive change in sentiment for precious metals and high quality juniors of which ECU is a leader and one of the best.