RE:RE:RE:RE:VGCX Market Cap - $359 million CADI'm aware of what was going on then as I was a shareholder at that time as well. The deal if I recall was that in the event of a hostile takeover, current holders of VGCX shares at that time would have been able to buy 1 share at 50% of the market price for every share they held. But for some reason the whole concept just quietly faded away with no real explanation of why.
The question now, is Coeur still interested in acquiring VGCX and if so are they perhaps working with a hedge fund or funds to quiety acquire VGCX shares and get our share price down as low as they can?
I believe Coeur got out of VGCX at about $13 bucks and took a bit of a hit. Can't recall exactly now but I thought they bought in at about around $18 and so if they could pick up VGCX now at say $7 or $8 bucks they would recover the $5 hit they took then and still get VGCX (the long way around so to speak). I think they were after the significant cash flow that VGCX was generating and /or expected to generate to help fund their other projects.
Coeur share price was significantly higher at the time (around $9 US I believe) but have since taken a good beating down to around $2 bucks US so not sure how they would acquire VGCX now anyway. It is kind of interesting though how our new Operations Manager is a former Couer Operations Manager and he seems to be the one largely responsible for turning things around Operationally. Anyway, I prefer facts over conspiracy theories so who knows.
HB77