Even though this buyout is occuring, I'm not really opposed to it....sure, it's low ball. THey are businessmen, they will attempt the best deal they can get and I applaud and welcome this activity in this PM space....hey we need M&A activity to begin...SOMEWHERE right? So now, the Shareholders have 2 choices accept or deny. Either one is actually NOT BAD...if they accept, they will get a bump in their shares and choose to walk away OR NOT and hold Fresnillo shares. As the PM market takes hold in the coming years the shareholders of those new shares will benefit just the same as they would have for MAG!

If they don't then we witness the power of shareholders and the evidence of ACTUAL valuation being much higher than what the COMEX driven market presages and that will be yet another message to the market which would be great. I would then not snicker at the offer and welcome the activity which is a "fair" offer given the COMEX metal prices.