RE:RE:IMG shares for MXI?
RR --- " if we got a paper buyout offer right now from IamGold. When would our MXI shares actually convert to IMG shares?" I don't believe I've ever seen a deal consummated in 30 days. With formalizing the terms, distributing the proposal to shareholders for a vote, and final implimitation, I would think two months is an absolute minimum, more likely three. If the deal is for shares, it's at whatever value of those shares on the date of closing (ie - you get shares). As I've said before, there are ways of protecting you capital; by selling into the market at the date of the agreement at a slight discount, or by "shorting" the shares of the company doing the T/O. Of course if you do the latter, you give up any upside that might occur in those shares.