Post by
crowcreekkate on May 12, 2016 8:37am
Kaminak sold to Goldcorp...
So that's it...a lousy $2.62/share... Under the Arrangement, each common share of Kaminak will be exchanged for 0.10896 common shares of Goldcorp (the Exchange Ratio). The Exchange Ratio represents a value of C$2.62 per share based upon the closing price of Goldcorp on the TSX on May 11, 2016 of C$24.08.
Comment by
TradingForMe on May 12, 2016 8:54am
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Comment by
thedave2006 on May 12, 2016 8:58am
ok deal. :) from now until closing, if gold goes up and goldcorp shares go up....then we could squeeze out 0.10 per $1 move in Goldcorp. https://ca.finance.yahoo.com/news/goldcorp-announces-acquisition-kaminak-gold-123000274.html
Comment by
goldminer01 on May 12, 2016 10:18am
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Comment by
termic1 on May 12, 2016 10:33am
Well, I was looking at this one as a potential 10 bagger in a major run but this always happens and it is never sold at the market peak. I have doubled my money so I sold off half here. However, we should expect two more bids; if GG wants it so will another biggie like AEM or someone else will come in with a bid, and then GG has to up the ante. This is the typical process.