Fair value? Not stated in news release
I am joining the chorus of unenthusiastic shareholders here. I searched through the news release and the phrase "fair value" was nowhere to be seen.
I do believe that Silverstone management has normally been very astute, so there is a major disconnection here between this deal and the management acumen I have come to expect. I hope to discover soon some hidden deeper meaning in the deal that I don't yet see at this point. I just don't understand how this deal could be considered fair value for Silverstone. It implicitly undervalues 2009 revenues, and values other Silverstone assets at zero. I dont want to know about Wheaton's silver upside, because SST has the same - or better - upside leverage to silver.
99% of SST retail shareholders dislike this deal and most of them will vote against it. Is it possible that retail shareholders will vote this deal down and force a higher bid by Wheaton or others? I hope so.
tooclassy