OTCQX:GTBAF - Post by User
Comment by
Ivorygullon Dec 08, 2021 11:12pm
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Post# 34213203
RE:RE:RE:Kinross
RE:RE:RE:KinrossKozmoT wrote: I'm sure the general sentiment on this deal by shareholders is to vote NO, I know thats what i'm doing. Management holds I believe only 4% of the outstanding shares and they need 66.66% approval. Its a bit of a chess game alright....
Yea, I'm with you on voting NO.
It states though that
The directors and senior officers of Great Bear, in addition to certain securityholders, owning in aggregate approximately 20.04% of Great Bear’s voting securities have entered into voting support agreements pursuant to which they have agreed to vote all the securities they own or control in favour of the Transaction...... That's not so good odds.
If I'm reading this CVR offer correctly, I'll get an extra dollar for every GBR share I own...if there is at least 8.5 M ozs of gold and Kinross announce production. So i'd have to wait for that to happen before I got it.
Giving the $29/share plus this CVR is basically saying that's all the gold there is (8.5Mozs) and you get nothing for the huge blue sky potential.
We were about to get an MRE on just the LP fault 4.5kms. We were then going to be getting an estimate on the Dixie/Hinge/ zones and that was all going in to a PFS.
I'd say we are getting shafted..............long hole LOL