RE: RE: RE: RE: RE:TenderingI'm sorry to break it to you but Trelawney has already made a fair offer according to at least 2 independent financial teams and the GLD management agreed after all the numbers were presented to them. They WILL NOT be making any other offers so let that sink in and start thinking about what to do next and what is best for you.
FYI - The only reason TRR "needs" 67% is because GLD still had a boat load of share dilution hiding in the wings... most of which their management and other big players own, the same people who helped broker the deal.
Since they agree that the deal is fair there is a very good chance they have already tendered their shares (including their millions of options and warrants and any other diluted shares they possess). This also means the percentage is probably MUCH higher than any of you realize or want to admit. I can damn near guarantee it's higher than the previous 53.3% that's for sure.
But I guess the worst case scenario is you hold onto your shares until Monday and then you're forced to convert them to TRR once the deal goes through, or if in the off chance it doesn't go through Monday there may be an extension until people come to their senses IMO.
With all the numbers laid out in plain black and white on the table and the majority shareholders on board this is basically a done deal.
The only saving grace is that TRR is a solid company with massive 8-10m oz potential and you WILL make money in spite of GLD, just maybe not as much as you'd hoped but profit is better than being in the red.
It could be much worse, GLD could have been taken over by a badly run company without any real prospects but luckily for you guys this is not the case, they're being taken over by one of the best juniors on the Venture.
Ohh and as far as the $10 million in GLD cash is concerned, I wouldn't worry about that too much. That's a small drop in the $70 million bucket that TRR has at their disposal.
Just think, we'll all be on the same team soon once GLD is consumed and we can all get back to making money and sharing knowledge with each other like civilized, rational people.
Good times indeed! :)
Cheers,
Gamblor.