28% vs.125%so TRGD is up 28% after an extremely friendly takeover offer at 125% premium. Considering that the junior market in general just went crazy that amounts to basically no price reaction to a high premium bid.
And the shareprice of TARM goes down after they buy 400k ounces AuEq of high-grade, half-mined ore at 2.5$/ounce (assuming initial sampling proves representative)?
What's wrong with this picture?
I would really like to hear management's take on this.
PS: Also nice that someone felt the need to sell peanut amounts of TRGD at 10% below the previous trade 2min before market close yesterday.