When crazy becomes reality & people see it is, who is goingto stop crazy? The people in political power throughout the world who are all big pockets money dependent, like most gold and silver mines are, and at big money pockets’ mercy if don't do what big pockets money tell them to do?
Hardly!!
Crazy will happen, become the reality and treated as normal instead of something that should never have gotten this far.
Suppose this below scenario happened right now (which it won't because big pockets money is still in charge of the world financial systems),
but
if before the July 6 vote for Luxor's shares to confirm the crazy merger with NGN, Greece was to declare default and withdrawal from the EU, that puts not only the EU's bonds in jeopardy of collapse, but the whole world's bonds, And then put into general world media talk of the threat of the other PIIGs nation (portugal, italy, ireland, [greece], and spain) of the EU, probably declaring default soon too,
then
gold by any normal functioning financial system and understanding, should double in price to $2400.
(Of course we don't have a 'normal functioning financial system and understanding’, it's crazy and crazy tending, with no intentions of stopping ‘crazy’ beforehand and even ratchet up the craziness few notches and more.)
However say gold was allowed to double in price on a greek's exit from the EU (and not propagandized by the US led west, that it is not a problem but anticipated and then dump Trillions of dollars more into the world financial system, to continue to keep the EU and world from collapsing into depression now but act like it is a still functional business as usual world) do you think that gold at say $2400 and CRK jumping to say $1+ would stop the criminal like deal between Luxor and the empty shell nothing of a company NGN,
No!
Why?
Because Luxor and NGN would say they made a contract and have to honor it, and become their mantra.
By all likelihood that $1+ price of CRK and all other gold, silver and precious metal stocks rising correspondingly, would just be the beginning rises and for years to come.
Yet no doubt, before the july 6 vote, the constant mantra from Luxor's CRK, and the empty shell NGN, would be 'we made a contract and have to honor it'.
That is crazy,
especially before the vote was finalized july 6, which means luxor's shares outvoting the head count, vote, of CRK minority shareholders not wanting it to go through.
What is also crazy is also pretending not to see that greek exit happening, and really much worse happening in the world, with gold eventually going to $5000+ in a few years or longer (but gold constantly going up during a longer period), and CRK going up to many dollars on its own because of that, not needing the empty shell NGN one iota or the consolidation of CRK's shares one iota, to go up $1+ and much much higher.
So not nearly having to do that merger and consolidation of shares with NGN, and continuing to have more consolidations happen, as more gold companies are merged into NGN, to get CRK's price to $1+ and much higher.
But Luxor is pretending not to see that, leaving the scenario above having Luxor's and NGN's constant mantra be, 'we have to honor the merger contract on the july 6 vote'
However the honoring of the years before contract with CRK minority shareholders in Luxor's open letter to those shareholders in 2012 does not have to be done. Now that is crazy, again, and worse.
https://www.newswire.ca/en/story/922775/luxor-capital-group-issues-open-letter-to-shareholders-of-crocodile-gold
“Finally, our ultimate exit envisions a potential refloating of our shares in the public markets at a materially higher share price, making retaining the listing an important, ongoing requirement for us.”
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“Will Luxor seek to take the remaining minority stake private at some point?
No. As mentioned above, retaining a listing requirement is critical to us. Even if we were so inclined to take the company private (and we aren't), the process of doing so would require, at minimum, approval by a "majority of the minority shareholders" (i.e., a majority of non-Luxor shareholders would have to agree to this).”
….
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How does Luxor view the minority shareholders?
We view minority shareholders as equal partners with goals identical to our own - maximizing per-share, shareholder wealth. As previously mentioned, Luxor's ultimate exit from Crocodile Gold is most likely a refloating of our shares in the marketplace. To effect this strategy, it will be critical to ensure the stock price accurately reflects the fair value of the company. The only way to do this is to respect all shareholders, maintain openness with the shareholder base and, whenever possible, align Luxor's incentives with minority shareholder incentives.”
Me- So yes, now, while the still US led world financial system is crazily pretending that nothing is wrong with the world, and maintaining the illusion of business as usual in the world, while the world is really financially and economically falling apart all around, forcing gold and gold shares especially to ridiculously low prices to maintain that crazy illusion,
CRK can be said to be worth only 37 cents as a premium price
But for all non crazy analysts like Luxor is suppose to be, they know the truth is diametrically opposed to that, and CRK’s price is really dollars underpriced now, and going to several 10s of dollars at the height of the renewed strong gold era we are really in, if the crazy pretense wasn’t in place which it won’t be for long, as the world actually does fall apart all around us if gradually and in intervening restpits, over years.
Yet Luxor is acting just as crazy as the US led world financial system’s crazy pretense that nothing is wrong and it’s business as usual in the world financial system and economy, and for years to come. Which is crazily dead wrong!