Wow!... Looks like it is Speculation Friday, this fine Friday afternoon/evening.
Eddy,
My Speculative Opinion : GRZ and KRY sp are currently unrelated. GRZ sp is possibly being manipulated, so that the RMLFF deal looks sweeter.
I think the calculation of:
Offer Price for one share GRZ = (RMLFFsp) x 3 x 0.7 ... (0.7 for dilution) ...
... was used as a hypothetical formula to determine the RMLFF offer. Would seem any sp of GRZ amounting to less than the calculation determines, makes the RMLFF deal look good. ... Speculatively Speaking.
Less Speculatively Speaking : There is a move to Gold (resulting in the Dow being crushed) possibly because investors feel the Stimulus Package is not all it is touted to be. It may be just panic buying that will subside. The recent upswing in sp for KRY may be explained by recent spikes in Gold Price (closed for weekend at 927).
Most all of the gold stocks have benefitted (not necessarily today because of profit taking 130-3pm) from the recent spikes in Gold Price. Regardless, with the MA50 on the rise, and the story of possible riches, KRY may be considered a reasonable play to almost any speculator.