Takeover?
posted on
May 31, 2011 09:03PM
San Gold Corporation - one of Canada's most exciting new exploration companies and gold producers.
Rook, this post is for you (insightful call on the SKP Directors). And appears Mr. Wynne has not sold his 300k shs (recently exercised @ a buck twenty).
Investment Executive - June 2011 - Investing to weather the coming storms
http://investmentexecutive.newspaperdirect.com/epaper/viewer.aspx
Dundee Corp's Ned Goodman seeks hard assets to cope with inflation and currency devaluation that he sees on the hoirzon
- 'The world does not have sufficient resources, says Goodman, to fulifil the growth in demand resulting from population increases and the rising middle class from emerging markets. A lot more must be discovered, developed and brought to market'.
- 'If you produce too much of something, it goes down in value - that include cars, watches and paper currency'.
SGR Annual Report & AIF
Very Informative read.. (Shareholders Right Plan, Options, director changes). IMO, SGR action today (heavy volume) looks like there was short-covering - but maybe more than just upcoming drill results.
- stock price recently near 52 wk low,
- steady increase in SGR management compensation,
- Mr. Pirie recently joined SGR (previously CEO Breakwater Resources - 25% owned by Dundee Precious Metals)
- Conflict of Interest negated - SKP boys departed,
- Institutional aggregated holdings - Dundee
- Amended Shareholders Right Plan - Dundee?
- Dundee Corp has approx. $1.4 B in Scotia paper - $60 mil in dividends / yr.
- Empoyment Agreements - in event of takeover,
- Search of the pencil - grades go crazy!
- Investment Executive article,
Just can't help, but connect the dots....The approx. double of annual compensation for management (past 3 yrs), including their sweet options (gravy train), missed expectations (previous yrs), delayed prodcution results....just won't matter... IF this enormous (potential) deposit is taken over for a nice sum of Fiat Currency.
Fully Diluted = $322,341,862
@ $3.50 ($1.12 B) Initial Offer
.....Bidding War
@ $4.50 ($1.45 B) Winning Offer
Winner, Winner, Chicken Dinner.... Dundee - priceless, as these nuggets may represent the next Gold Corp.
Nugget (speculative opinion)