What to Expect...
Before making our final decision on when to sell we must consider the following:
Trelawney has mailed out the offer and is hoping that some of us will tender our shares as per the offer namely---- .066 of a Trelawney Share for each Augen Gold Share.
We must keep in mind that they can purchase our shares on the open market through one of their affiliates who pre-offer owned 4,299,000 Augen Gold shares.
What do they need to get to 66 2/3 % ownership?
Locked In Shareholders own....42 % of Augen Gold Shares...53,422,815 shares plus 38,416,993 warrants.
The total number of Augen Gold shares owned by the Lock Up Gang...91,839,808
Options outstanding to Management....6,850,000
Total shares outstanding as of March 31, 2011....127,691,347
Fully diluted....172,958,340....Trelawney needs 66 2/3%...roughly...116 million shares.
Lock Up Gang....91,839,808 million plus Trelawney Affiliates...4,299,000...total..96,138,808.
They need a total of approximately 20 million shares of the remaining 70 million shares (less options held by management).
Not going to be as easy as it may of first seemed to many!
They are more than likely courting Consolidated International Investment Holdings (Joe Dwek Management Consultants)...they hold about 4 million shares & 1.7 million warrants.
That leaves us!
They are going to wait it out a bit and discover what kind of response they will get from the offer...in my opinion it will not fly...Plan B..Plan C...Plan D... will come into effect!
Up the offer...or...rely on the upward movement of theTrelawney Share Price to do the damage accordingly or a combination of the two...investors will begin to sell at a more attractive share price. They can also chase a bit on the open market..feel their way around with bids and target the receptive sellers at a certain price. Do not rule out a deal with Mason for the 9 Claim Package which will leave us holding our shares...do we want that?
One very important thing I must stress....Once Trelawney reaches the 66 2/3 Threshold then the party is over...no more buying by them on the open market...we will trade relative to the present offer on the table namely .066 of a Trelawney Share.
I bet a lot of you thought it was going to be easy...the hard part is knowing when to cash in!
If Mason and Gibson cannot come to an agreement on the 9 Claim Package then the action will begin to heat up...Stay Tuned....Stay Sharp...do not miss out on an opportunity that is right for you!
I will sell in August...I just have not figured out yet...just at what price!
Digger144
P.S. Keep in Mind...they may chase on the open market at some point...stay close to command
center...act accordingly...the window may close quickly!
Gibson will get what he wants and needs...one way or the other...billions of dollars are
at stake!
They will begin to pay up at some point if things are not going well...Gibson will win!