RE:RE:Eldorado Gold does not have $450m to buyout Integra ! Hello idlefreebird
I guess hypothetically Eldorado could buy out Integra using their shares,,, but highly unlikely ! IMO
When Tahoe bought out Lakeshore,,, Lakeshore had an operating mine with all the bugs worked out and producing a good cashflow. With Eldorado selling the Chinese holdings they need to take out a Silver & Gold producer like Taho with producing assets !
With Eldorado not taking up their share of the .59 PP shares this tells us something has changed.
New rules on take overs and Steven proclaiming “I am building a company” Eldorado had a change of mind and is most likely sitting back focusing on their own problems and if a offer for the Integra share block comes along they will most likly sell it for a tidy profit !
I think if Integra was a $80m $$ company we would have been taken out long time ago but with a market cap close to a $350 million and no FS study,,, after Rubicon,, new take ouer rules, I don't think there will be a buy out for at least 2 years ! IMHO
M2
PS; So you’re in for the long haul ! At least $3.50 !