Trelawney Mining and Exploration Inc TWNNF

RE: Gold to the North......

[gamblor77]

Just to clarify things. Trelawney paid over $1 million dollars to have 3 separate, third party impartial companies to do a value assessment on GLD and come back with numbers. You know what they said? TRR actually paid the UPPER END of what GLD was worth given their existing situation and other risk factors involved.

So ya, as much as all the GLD shareholders are pissed I am outright saying that they never proved up anything of actual value (Jerome included) and since the management never put a proper poison pill (shareholder rights plan) in place they left themselves exposed to takeovers like TRR pulled off.
Yes Trelawney picked the most opportuned moment to make the offer, but from my understanding TRR was trying to buy GLD all year long  (including when the share price was MUCH higher) so that is purely GLD's fault that they allowed that to happen. Sorry to tell you guys but that's the reality of the situation.
Gamblor.