RE:RE:TLM scenarioDear PERDIKAOILGAS ,
Thank you for pointing out my inaccuracy concerning the takeover premium, you are right it is 120% instead of 50%. My mistake and I hope you excuse me for that.
BUT I want to thank you for showing the TLM scenario is EVEN worse with the 120% takeover premium because most shareholders of TLM are still at a loss after that!
That is what I was trying to point out!
If PTA gets acquired TODAY for 120% then most shareholders PTA would get CAD 0,308! and that would mean alot of investors would still be at a loss. I would be at a win because of averaging down but I won't be happy at all.
I HOPE THE TLM SCENARIO IS SMALL and I hope deadcow is right in his sayings that management wouldn't sell for anything less then CAD 0,70.
PERDIKAOILGAS, THANK YOU FOR POUNTING OUT MY INACCURACY AND SEEING THE BIGGER PICTURE I WAS SAYING. (I SEE YOU LIKE TO WRITE IN CAPITAL LETTERS SOMETIMES)
perdikaoilgas wrote: According to the news, TLM was acquired 120% HIGHER than its lows.
TLM was at C$4.40 when the acquisition was announced.
The acquisition was at C$9.40.
See the chart and read the news.