GREY:ELGMF - Post by User
Comment by
HonestAbeon Feb 02, 2012 2:19pm
401 Views
Post# 19481178
RE: What a BARGAIN.....$$$$$$$$$$$$$
RE: What a BARGAIN.....$$$$$$$$$$$$$ If you bought close to $1 then I think you should still make money trading it. However, you would be better off buying GOZ instead, because assuming the risk that the deal does goes through, you actually get one share of ELG (proforma) and a free 2-year warrant at $1.30 exercise, and you get to buy it all at a 6%-7% discount to ELG since GOZ is trading in mid-90's. If you don't know what I'm talking about then read the NR about the merger!