Getting screwed or not? Personally i was hoping for a pour and a pop to $1.00. Now we are getting screwed. .044 EDV for each of our shares? Total rip off. But I'm going to sit it out and see what happens. Since EDV dipped against the market trends for gold i also bought some EDV just in case... Still I like to make 200% on my penny stocks and not get screwed sideways. GLAT.
"Endeavour says the acquisition would increase its gold production by about 110,000 to 120,000 ounces a year in the first five years."
(that is 150 million at todays prices).
"The company is offering to exchange 0.044 of a common share for each True Gold share. In a separate but related deal, it would provide $15-million (U.S.) to True Gold through a loan." (that is only .49 cents a share at close Friday).
BURN BURN BURN