Western Copper and Gold Corp T.WRN

Buyout question

[CopperAndGold14]

I've only been dabbling in junior mining companies for a little less than 20 years, but some who post on this board have far more experience than I. Has anyone ever seen an offer for a company that values its shares at 3X or 5X the pre-announcement price?

[EvenSteven27]

Great question. The answer is a resounding "YES". 

[EvenSteven27]

https://www.cbc.ca/news/business/glamis-gold-and-western-silver-corp-strike-1-2b-deal-1.616001

[EvenSteven27]

Investors reacted by sending shares of Western Silver up $5.28 to $24.80 on the TSX on Friday. Shares of Glamis slipped $1.11 to close at $33.62. I remember that Friday well. I was smiling with glee.  oh, same cats ... mr. ken williamson was sitting on the other side of the table... interesting tidbit. 

[Sooner]

Going from $19 to $24 in one day is a 25% premium ...not a 3-400% premium. Thinking we can go from $2 to $6 a share in one week ??? Crazy talk unless we were to sign up another major and bidding war takes place. Maybe your example went up 10 times price but over a several week period or something...plus that was back in the days when everyone was overpaying for assets and got burned ...right?

[EvenSteven27]

Sooner, i was there on the day of the spike. i remember that Friday oh, so well. i bought in in one full swoop at .98 a year or two earlier. yes, it went up in increments but on that Friday it shot up from around $5 to $24 in one day. this is what we call a spike stock. i was checking back every 15 mins and i couldn't believe my friggin eyes. i am not lock, stock, and barrel on npv and

[MetalMinded]

I believe they meant up FROM not up that amount.  

[Heywood_Silvers]

Sooner, it seems that RIO is slow-walking this one.  They aren't in a rush to start a bidding war. Management put in the restrictions on their share ownership, thus keeping the share price in the open market down.  At a certain point soon there should be no restrictions and then RIO can buy as many shares as needed to get the share price to the point where they can "justify