RE:RE:Nickel 28 - Get used to higher stock priceI totally understand your point but I not totally agree.
The deal was indeed to receive a share of Conic of 1,92 but also 4 cad in cash. It was a share then depending on the bid and ask.
The last rate of cobalt 27 was 4,36 cad. The first of Conic was 0,39 cad and 4cad in cash. Same below the proposed value, it was correct (I agree would be better if 1,92).
However, let's do an estimation you invest the money of 1000 shares.
1) Rate of 1,92 (without taxe to make it easier)
4000 cad = 2083 shares
1000 shares from the deal.
Current rate: 1,01cad => 3083 shares = 3113,83 cad
Last analysis fair value: 3,04cad => 3083 shares = 9372,32 cad
2) Rate of 0,39
4000 cad = 10256 shares
1000 shares from the deal
Current rate: 1,01cad => 11256 shares = 11368,56 cad
Last analysis fair value: 3,04cad => 11256 shares = 34218,24 cad
In conclusion, for the long term investor, was not a bad deal.