Coach247 speaks on SLW bid(Taken from Coach247's (Mike's) 'other' board)..
From April 28 -
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"I got a phone call last night to enquire how I was planning on voting and I said I would vote NO. They did not seem happy about that and asked if there were any questions I had. I was reminded that SST management had recommeded that shareholders approve the deal. Well, all shareholders are entitled to vote and in my opinion the offered price does not represent fair value for the company. I would be willing to vote YES if the terms of the deal were improved. Even if they just round up the takeover price to the nearest even number of SLW shares instead of these fractions that will create odd lots. "
cheers!
mike
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From March 5 (yesterday) -
"RiskMetrics Group released an NR today recommending that SST shareholders approve the transaction. This is NOT an independant agency. They are a business engaged for profit and paid by their clients, and I highly doubt they are indifferent to whomever is writing the cheques for their consulting. This is probably the same company that contacted me by phone to solicit my opinion and my voting preference. My guess is they are trying to find out how much support the bid has so that SLW can increase the bid if the shareholders are pissed off. And as a shareholder of SST I am pissed off. This bid was announced prior to the latest exploration results from the Minto mine, and does not accurately value the additional gold and silver OWNED by SST as a result of the new discovery zones. I think the bid was opportunistic and did not even reach half of the 52-wk high achieved by SST in months past. I think all shareholders should tell them to go pound sand if the bid is not increased to fairly represent the value in the company.
SST is well-capitalized and positioned for strong growth. We do not need a 'friendly' bid from SLW to generate gains in the years ahead, and if they want the company, they can pay a fair offer.
cheers!
mike
Voluntary disclosure: my comments represent my personal opinion only, and I am a shareholder of SST and SLW. SST is a paid advertiser on my site."