RE:RE:RE:Today Is Not A Good Day as Calibre Mining Buys Marathon GoldCorrect Ork That why the sedar and sedi filings will be interesting..
Looking forward If the deal goes through the 66 million shares and any additional shares purchased will not be included in the net float of CXB they get deleated/cancelled as in a repurchase plan.
So if it is CXB is buying shares they may end up sweetening the deal themselves to get shareholder consent. Any shares they purchase are cheap and every share purchased ends up reducing the net float CXB post deal. May end up having to increase to a .8/share which would put us about a buck...JMHO
Puchasing MOZ shares now increases their insurance and derisks the market potentially pushing the CXB price up. CXB needs MOZ more than MOZ needs CXB at this time, we allready have the funds to complete now. It wont get any cheaper for CXB .When completed Valentine will fundementally change CXB.
On the other hand any other sutor would have to pay out or convert the 66 million+ cxb shares If they are serious then they should be buying every share of MOZ they can get their hands on.....JMHO