OTCPK:CODMF - Post by User
Comment by
benandemmibooon Mar 13, 2015 1:43pm
105 Views
Post# 23518856
RE:Im new at this
RE:Im new at thisLet me preface by saying I am always in the red, so take my opinion with a grain of salt.
But when I reread the acquisition press release, this stood out:
The Agreement includes a commitment by Coastal Gold not to solicit alternative transactions to the proposed Transaction. The Agreement provides that if Coastal Gold terminates the Transaction in certain circumstances it is obligated to pay to Sulliden $250,000 on account of costs and expenses in connection with the Transaction...
To me, this essentially means Sulliden will get Coastal Gold, as advertised, and that the stock prices for both will hover around the current range until the acquisition goes through (in late April/early May).
Had Coastal Gold not been acquired, I had dreams of it being a 50 cent stock in 2 years.
(And I had hopes, happily unfulfilled, of moving much of my money from other investments into this one.) Since SMC seems structured more like an Aberdeen than like a traditional miner, the company will likely use any success to then acquire new projects, or to invest early in another miner the way Aberdeen does, etc,, I imagine money can be made from such an investment, but less of it.