Post by
slamdunk on Oct 13, 2021 7:03pm
Coeur has unrealized gain of over 46 million
Coeur traded 12.7 million Coeur shares at $ 9.17 US for 11,067,714 Victoria shares at 13.20 Canadian the deal valued at 117million giving Coeur 17.8% ofVictoria Gold.
OCt 31 the support Ageement terminates benefiting Coeur.As the Agreement was if Coeur got over 50% of oustanding shares and 50% Board Approval Coeur they wold pay Orion 75% of spread.
The spread was the amount between 13.20 Canadain Victoria price and price of accepted offer.
Coeur has 46,484,398 unrealized profit from May 10 an Raymond James has the price between 20-22.
As it stand Orions 12.7 million Coeur shares bought at $9.17 are now $6.50 almost a 35million unrealized loss.
Alim Visram came to Coeur from Barrick as their Senior Director of Strategic matters and Corporate development Previously 12 years in Investment banking-extensive experience structuring and executing Strategic M&A's and global financial transactions.
A WIN WIN situation.
Comment by
Human7 on Oct 13, 2021 7:18pm
I agree slam, Coeur makes bank on this one way or another. LOL a lot of people are waiting to cash in!