No No No!This is not a good offer.
The opportunity to appreciate based on ELD share price of $7 is heavily weighed against us.
At .90 ELD would be stealing this asset after the years of sweat equity put into these ventures by current holders.
Friendly take-over???. When have you heard freindly takeover happening over a weekend with our defecting OPPORTUNISTIC board member resigning on the same weekend .
This whole deal stinks of backroom deal for Dundee and not realizing full value for long term FRP shareholders .
Gold @ 900 and permits around the corner .U in Peru and another potential start up in Columbia.
It was only a matter of time before something like this was proposed.
If ELD see's value they certainly cannot be the only ones.
Sit tight and hold for a more suitable offer my friends. By selling now you are only selling into ELD hands.