VET would like to own their land but at today's market value, not what Rob at al were demanding for a recommended the up. So VET took a pass and settled for the portion the got plus 1/6 ownership in CEI with intention to it more on the open market. Which they are doing
An old Buffett trick is to trade his shareholdings in a company for productive assets owned by the company in a deal structured as a non-taxable exchange. This way he buys assets at or below market value with a currency which has appreciated significantly. The net result is a bargain purchase. I wouldn't mind seeing a swap of stock for a similar proportion of the assets.