They all own a lot of shares. A lot of shares bought with money they had, a lot of shares bought over $7.5 during share issuing when individual investor could not get. I don't see why they should be happy now?
That is they don't care to have cl#$%$ action suit on their #$%$!
Who has the most shares? Molymet, right? What trey get from canceling the shares?
Put your self in their shoes ,you will see entirely different.
The equipment on the mine cost over 1B to install, and the Chinese (North RE, especially) will not blink to pay 300M for it to ship to China.
How much the mine is worth in 10 years?
No bidder? OK , let the Chinese buy the mine then!
As I said, a political one. I hope the Judge sees it that way, too.
BTW, the bid from China is only on the "non-US" assets the company has, not the mine. That is over 700M counting up. The equipment on the mine cost over 1B to install, I am sure North RE form China would like to have it shipped to their mice for 300M. How much is the mine worth in 10-20 years?
US GOV would not allow Chinese bid on the mine, otherwise.......