Big discount between PVG share price and offer price shows.. On basis of todays market valuations (with Newcrest shareprice down since announcement) we would now receive on USD basis per one PVG share:
• C$ 9,25 times 0.7851 = 7.262 USD in cash (paid as CAD)
• 0.4042 Newcrest share at todays price = 24.03 AUD$ times 0.4042 times 0.7163 (AUD to USD cross) = 6.957 USD in form of Newcrest shares.
Makes a total of 14.22 USD per PVG share at todays market valuations.
Actual PVG shareprice on the NYSE at time of writing is = 13.60 USD
PVG shares are actually traded at rounded 0.62 USD discount to what you should receive in the Newcrest stink offer. Or rounded 4.56 %. Assuming that they plan a quick “pay out” within 2 months from now, this would mean an anualized discount of 4.56 times 6 = 27.36 % per year !
Such a big difference of 27.36 % per year indicates, that the all knowing market thinks the deal will fall through,
Good so. Let the present PVG shareholders cash in the big quarterly free cash flows in form of dividends for the next roughly 30 years. We stood as investors to our PVG also in the difficult times. With our money this great mine was built up in the no where land in BC. Do not let Newcrest cash in this future great free cash flow. They did nothing in the difficult years when our super working mine was built up.
Vote against that stink price offer !
PS: Here the picture from Whynottoday2 about the great drill assay results of PVG. Note the "pending" & by the PVG board hidden drill assay results are not included in the statistic (see the publication dates in the statistic) ... breach of disclosure rules by the PVG board - tell it your regulators... !
