There's plenty of talk between the agora posters about a possible white knight bid, a bidding war, how this is the start and not the finish and all that jazz. Three things to say about that.
- Yes, it's possible.
- This KGC bid is so low that it's unlikely we'll ever see true value handed to shareholders anyway, even in a bidding war. I mean, from the $7 right now, can we honestly see bids ratcheting up to the $15 to $20 range?
- Most importantly, no matter whether there is another bid or not, be very clear that ARU treats this offer as a friendly bid. That should be first and foremost. You understand that, and you see how ARU has sold out. I therefore propose the following:
Patrick Anderson (President, CEO and Director ARU)
Colin Benner (Director ARU)
Jon Douglas (Director ARU)
Andre Gaumond (Director ARU)
Joseph Hamilton (Director ARU)
Thomas Obradovich (Director ARU)
Jonathan Rubenstein (Director ARU)