GREY:ELGMF - Post by User
Post by
professon Jul 12, 2014 12:23am
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Post# 22738950
Elgin moving higher on strength of Mandalay stock
Elgin moving higher on strength of Mandalay stockElgin's share price is moving up to reflect the Mandalay share exchange ratio being offered in the takeover deal ie. 2.5 Elgin shares for 1 Mandalay share. That's better than the 37 cent cash offer for Elgin and gives investors added incentive to max out on Mandalay shares.
So far so good IMO. I think Mandalay still has significant upside potential once the deal is consummated. I can see the stock going north of $2 by EOY. I'm even going to buy more MND here.
GLTA