The Deal Very long term shareholder here and I’m relatively happy with this arrangement. Immediate premium for us and a definite possibility of a superior offer coming in, similar to what happened to Guyana Goldfields. The cards are on the table now baby!!
“The Agreement provides for, among other things, non-solicitation covenants, with “fiduciary out” provisions that allow Gold X to consider and accept a superior proposal, subject to a “right to match period” in favour of Gran Colombia.”
It’s a win win for us and a fair deal IMO given the times. At least better than the 0.5 shares they offered the first time around. If no superior offer comes in we are now totally derisked and part of a world class producer who recently hit 8.40/share just a couple months ago.
Is Gold X with more than $4.10? Of course it is... is Gran Columbia worth more than $6? Of course it is... So we get to continue to unlock the value of Gold X in a much less risky way.
Congrats to everyone and especially the longs who have been waiting for this for a loooong time.
Silverfreaky, sorry about your luck (selling all your shares only a couple weeks ago...) but karma is everything buddy! Lol.