RE:What the heck … a buyout.
TimeTooSoar wrote: Now what to do? buy, sell or hold? any thoughts
I've read through the merger proposal information PFD and looking as some past statements and info from Calibre...
I'm leaning towards voting against the merger based on price we are getting in the deal, we are getting 1/3 the value of the pro forma value of the company, but our mine seems like it's going to be 40% of estimated production when all the other mines that Calibre owns come online, that said they are also assuming our debt and paying to finish off the money we were going to need to figure out. I like many others wanted to see above $1 in a deal but that might be difficult even a upgraded deal from elsewhere likely lands in the low-mid 90s.
I wonder if that private placement going with the deal is so even if someone out bids them or we decline the vote, they still have a piece of the pie and the $40 million is about what will be needed to get into production.
With the above said, I think I will ride my shares into the new company as I agree as many are pointing out, we are both undervalued it seems and are likely stronger together. I like the multiple assets, the Nicaragua factor doesn't bother me, as I have another gold company in Costa Rica with intents to expand into Columbia and Brazil and a developing gas company based out of Brazil... If anything Calibre's addition of MOZ lowers the risk Nicaragua factor.