RE: RE: RE: RE: RE: RE: RE: RE: Is TARM buying TRGwell, technically it's a 46% decline from 2.75 to 1.47
I agree with your other points though.
The tailings deal sounds really good, provided the grades are as published. Basically they paid 2.5$/ounce AuEq for high-grade, already mined ore - not bad considering Goldcorp recently paid a few hundred times that amount for resource ounces in the ground. If they get that gold out at $400 cash cost it's worth 4x TARMs current market cap. So I could imagine worse ways to spend $1M.
All the more interesting that the market seemed to value this deal at $-10M or so - wtf?
What's your take on the weird shareprice development of TARM and especially TRGD after the takeover announcement?