RE:RE:RE:RE:How crappy this Dividend reinvestment plan looks now.tony1969 wrote:
Xbox360 Lundin was paying less because they were only buying 55% of the upper zone and 15% of the lower zone. NSU has 100% of the upper and about 50% of the lower zone (which is likely the immense value here). Do your research before you start spewing garbage here. By the way I hope English is not your native language because you need some serious help on your grammar. You can go back to playing on your Xbox now.....
Is it a good deal for Reservoir shareholders? The premium is attractive, though it should be pointed out that only 10 days ago, Nevsun shares were trading at CA$3.90, so it remains to be seen if these new four-year highs for Nevsun hold. Moreover, we think Nevsun is buying Reservoir cheaply. In other circumstances there could have been a bidding war, but Lundin's agreement with Freeport triggered a deadline for the right to match its offer (expiring May 4), and Reservoir's value is greatly enhanced if it exercises that right (in other words, there is not much time for anyone else to make a competing bid). https://www.mining.com/web/hold-reservoir-minerals-after-takeout-adrian-day/