Let us Review... .....what the market is telling us!
First of all...the people that do this for a living and are professionals in their field have access to tools and knowledge that we only wish we had...but...everything comes with a price!
Fact...the offer price from Iamgold is $3.30...all cash...the current price is $3.29.
What is this telling us?
There is a 100% chance that this deal will go through!
Why is there so much volume and why is anyone buying at $3.29?
The pro's are telling us that there is a very, very high probability that a higher price is in order...it will come from a competing bid or an increase from Iamgold once they realize that a "no vote" is forthcoming.
We are getting this information for free...the market is speaking loudly!
It is very disappointing that some have fallen or thinking of bailing out at a time when we are holding all the cards....with absolutely no risk of getting less than $3.30!
I believe that most have fallen victim to the recent "smash" in the junior space and are feeling the psychological affects of such action...giving up profit to the late comers...a shame to be sure!
Iamgold is not in there buying...the savvy investors are putting up their cash for an easy, risk free trade...plain and simple!
The share price is not higher than the offer price for a reason....why take unnecessary risk at this point in time..."they" will wait for a higher offer and then they will assess the situation and fix the shareprice accordingly. If another bidder shows up then the market will more than likely price in an even higher price then the new bidders offer concluding that Iamgold will beat the bid.
Guys & Gals...we dream for these type of opportunities...do not walk away just when the fun is beginning!
This is far from over!
Digger144
P.S. There is no hurry to sell and rush to another opportunity...there is plenty of time for that!