RE:RE:RE:I Don't Like The GFI DealYou're correct that many a retail investor wanted a takeout with premium, even if it was only 20% (for simplicity, $4.80 if 30 day average was $4) - some of the institutions might have been ok with it too. But this deal is about creating value over the long term while keeping management employed and generously compensated. They knew a deal was on the table - hence the cheap financing ($3.10) for themselves, family and friends at the broker-dealers.
There's a ton of future value here based on the numbers, esp. if gold breaks $2100 which it's poised to do, with only blue sky above. This combined with a potential collapse in commodity prices (think 2008 GFC) aka cost inputs, relative to POG, will send this thing soaring and $4 or $4.80 will look like dust laying on the floor.
All they have to do now is sell it to the institutional shareholders (new and old, who have all time in the world compared to retail), buy up the weak shares with the NCIB, get rid of Northern Star, and keep moving forward.
As for them running ore through the Bonterra mill prior to permits, I'll believe it when I see it.