GREY:IPHAF - Post by User
Post by
northernwindson Aug 23, 2010 10:35am
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Post# 17374422
Take over
Take overI just went though this with canadian royalties, a nickel mine purchased by Jin Jilien, a Chinese company, with the support of Gold Brook mines. The buy out was initialy for .60 cents a share, consensus was that it was not enough and the share holders settled for .80 a share. Not the price that share holders were anticipating but considering the down turn was in full throttle; acceptable. Goldbrook holds 25% Jin Jilien holds 75% with the chinese providing financing for production. I guess ultimately it largely depends on negotiations. Does this company have a shareholders rights clause?