Wait and See
posted on
Jan 19, 2015 02:52PM
So far there doesn't seem to be much excitment in the market over the offer. Price aside we have only seen 3 million shares trade (3% of float) and a good chunk of those will be trading support by Goldcorps advisiors to support the deal. I think we are in a wait and see period until potential bidders have time to process what is going on and whether they want to be part of the game. I can see AEM making a counter offer just to mess around with G and extract a few more dollars from their shares.
.... Been There