The 100 dollar drop in gold this weekAnd the rapid drop of silver have taken the wind out of bulls sails.Coeur in it s 397 million rebuild of Rochestorisis not worried about inflation as about 80% of its contracts and big ticket items are locked in..
Coeur is being made to look like the enemy,an interloper because they set themslves uo with Orions aid to be 2nd largest shareholder and with Orions Supportat Board level and agreement to vote its shares.This galvanized the CEO of Victoria to authorize a Shareholder Rigts plan and announce IIssuer Notice of 5% buyback and then the opening of data room for competitors and the advancing of drill program..
Coeur is in an enviable position with its 11,067,714 shares bought at 13.20....Coeur is in win win situation.
Only ONE poster that has erroneously, repetitively posted that Coeur is trying to lowball this acquisition .,
There is complete silence by Coeur as part of Agreement and Support Agreement .
Coeur likes to buy de risked property and would rather overpay for a de risked drillied out accretive property and pay what its worth with a premium.
Coeur wouldn't enter this without financing or authorization from their Board ,.The early acquisition of Shares and the Ageement and Support Agreesment with Orion defines the roles . both parties while it puts Victoria in play..
All Coeur has to do is be patient and let the drama unfold .
There is nothing as of yet filed with SEC authorizing an increase over their 300million outstanding cap with 265million presently outstanding including paying Orion in shares.The flush of the gold market and drop in silver may effect timing.