RE: Its a Bought DealThe more I think about this deal, the more I like it. When GBG did their bought deal, I saw the value of my holdings go from $2.35 down to $1.30. They announced the deal without a price when the stock was trading at $1.70 without revealing a price and a few days later the anounced price was $1.30.
Our shares have been hovering between $1.30 and $1.40 for the last six weeks and even though we bounced off $1.85 briefly last week I still feel its a winning deal. I'd guess that the deal was in the bag before the Barrick deal was agreed to. ADM was due for a financing and the timing was very well engineered. I think it'll put a floor under the sp at about $1.40 and if the POG holds up, we'll see $2.00+ by this time next month.
Cheers to the management, this is how a bought deal should be executed. (I hope there aren't any additional strings attached that haven't been announced)