RE: RE: RE: Some VIA History from ATC BBComparisons to the VIA deal are always intriguing as this was what probably motivated a considerable number of people to discover ER, myself included. One big difference in my mind is the share structure of the two companies, ~100M sh outstanding for ER vs only ~30M for old VIA at the time of the deal. With that in mind adjusting from $15/sh for Eleonore to $5/sh for EC seems equitable on the face of it.
The other intangibles are the POG advancing from 550/oz to 1250/oz. and the cost of production. General market sentiments of the day were far more bullish and driven by greed in VIA's case whereas now fear has gripped most markets and credit is tight so companies are reluctant to "overpay" for assets.
In ER's favour we have at least 6 interested parties so all bets are off when assets and egos are on the line. Who knows what happens if there is frenzied bidding? In the end my expectation (hope?) was a 5$/sh offer either in cash or shares for Eau Claire alone and shares of "new ER".
Just my 2 cents, hope it all works out as we expect.