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Galway Resources Ltd V.GWY



TSXV:GWY - Post by User

Comment by mjh9413on Nov 29, 2012 9:30pm
247 Views
Post# 20663862

Voting

Voting

Don't you have to be the holder of record at Nov 5th to be entitled to vote (going from memory so this might be wrong)...it is those registered/benefiicial holders at whatever the set date was who got the Circular and proxy forms. Do buyers after the holder of record date really get a vote...Most buyers these days are abitraging the cash values (combined about 20 cents on top of the 2.05) against the intrinsic values of the spinco's mineral properties.No big buyer has been inclined to take out bids above about 2.22...why should they when no one else is pushing the price up and taking out all the asks up to say even 2.30. These cannot be AUX or EBR affiliates buying else it would trigger early warning reports on increased consolidated  holdings of these groups.No one here is going to stop this deal

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