.85 cents is about where ICG waswhen ELD made the first verbal offer on 4/25. Study the timeline and look at the horrible job the BOD did in looking out for shareholders. ELD was never worth $5.00, it met resistance at $5.00 three times. The deal should have been based on ELD at $4.55 and ICG premium based on $.84.
This is Stephen's legacy for as long as he remains in the industry. He screwed himeself imo. I hope the money is enough for him.
Sure everyone made oney, but why sell at 1/3 value? ELD buys the gold for $60 oz.
Horrible job by the BOD.
GLTA