Nothing to Worry About...
Even if a friendly deal is not struck...which would be a big mistake in my opinion and will not be market friendly....Mason & Team is not going anywhere!
Let us say that Trelawney gets the 66 2/3 percent (not going to happen with its first offer) with a second offer....it will not be enough...Mason & Team will be in our corner!
Gibson will have to spend most of his time and energy dealing with Mason and it will not be pleasant! He will use all resources available to him to make the ownership of Augen "suspect" in the legal system...which would keep it in the courts for years...this is my personal opinion only! The overhang on the TRR stock price will remain...not a good thing! This would keep the stock range bound for an indefinite period of time and in this gold price environment would be a disaster in the making....they will be subject themselves to a hostile take-over!
Trelawney will not get a "free ticket" and I can tell you one thing for certain...Mason will be tenacious and will ensure that those as myself that remain to continue the fight will be rewarded accordingly!
Gibson will have to abide by the rules which are in place to protect the "minority shareholders".
A very lengthy and detailed study will be carried out by independent parties along with presentations from both sides which will be reviewed by the proper authorities....then...and...only then...will a fair price be established for the remaining shareholders. In my opinion....the remaining shareholders will get much more than the Lock Up Gang and their supporters.
Mason & Team control over 7 million shares!
Dig In and hold tight!
Remember....the initial offer will expire on September 1, 2011...time is running out!
In order to keep the Lock Up Gang "in tact"...Gibson will have to extend the offer...this will buy precious time for Mason and His Team!
Gibson cannot afford to let the Lock Up Gang dissolve and have to start all over again!
Very...very...important! The market is speaking loudly on two fronts!
GLD is well above the initial offer....TRR is in a holding pattern...the market wants a deal!
The message is clear....sit down and get a deal done!
Digger144
P.S. I am just loving this!