TODAY'S DISCOVERY, TOMORROW'S FUTURE

Creating shareholder wealth by advancing gold projects through the exploration and mine development cycle.

Free
Message: Re: Here is the poop as I see it..
1
Oct 24, 2012 03:20PM
1
Oct 24, 2012 09:30PM

About 125 miliion shares have traded since the announcement so all of the cheap sub 90 cent shares I was concerned about are gone or else held by the brokers supporting the deal. There's 4 % locked up but we don't know how much is held by the brokers. Any retail who bought around a dollar are hoping for the deal to go through or a white knight. The enterprise value is about $ 52/oz which was near the midpoint of the companies listed in the previous corporate presentations, so they will argue fair value. I don't know much about that side of the business but I would be amazed if this wasn't a done deal and decided months ago. I have picked up some AR as I like what I see so far.

3
Oct 24, 2012 10:45PM
Share
New Message
Please login to post a reply