GREY:NMKEF - Post by User
Post by
Charleneon Dec 03, 2019 11:27am
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Post# 30417374
Deal announcement timeline
Deal announcement timelineBased on all the tea leaves in front of us. There is a strong chance of a deal in the next 5 business days. If it goes past the 13th, then this deal is likely not going to happen. I believe that Pallinghurst and the Quebec government are good with the proposed deal. The remaining obstacle - they need to get more partners like Softbank and others to come in to close the financing gap introduced with the bond discharge. I still think it would be great to have an all equity deal at 0.25/share. When that happens, the price shoots up to alleast $0.45/share.
Funny thing is the lower the share price, the higher the chance of a deal with existing shareholders. If the price is at $0.25 or higher now, the existing shareholders will fight hard for a higher share price. And that hard negiotiation will make it harder to complete the deal with Pallinghurst. A low share price gives more incentive for existing shareholders to participate and ultimately approve the deal.
Time will tell. Good luck all.