Post by
rehsupagem on Apr 05, 2017 12:53pm
Talked to XRC
After legal consultation management had to acknowledge the offer as a premium of more than 60% on the share price is relevant for XRC investors. However, management has not stated that the offer is sufficiently recognising the gold and copper in the ground. If your refer to the XRC presentation comparable acquisitions have been made at far higher values for each AuEq in the ground. Therefore, I will not be selling my XRC share and will vote no if the offer will not be improved. The purchase of Sun Valley Gold provides me some comfort with this standpoint.