RE:RE:RE:RE:RE:RE:I'm Excited!I agree with you TC - and that's part of the reason I added to my holding. We had exactly the same behaviour with the SMF merger: EDV sold off hard when that merger was announced (kicking myself that I wasn't brave enough to add @ around C$18 then). However, since that merger completed, the share price hasn't looked back (until the TGZ one was announced!).
This is logical, as merger arbitrageurs may go long TGZ and short EDV, intending to cover their shorts by the EDV shares they receive when the merger completes.
Therefore, I regard this as a buying opportunity, ahead of the merger completing.
Merging with TGZ looks like a great deal to me, for both parties.
Of course, the trajectory of the gold price is important too, but I'm reasonably comfortable with that.
Cheers,
Mark