RE:RE:FP: The Carlisle Gold-AuRico deal: A change of control buthrattle wrote: casher wrote: The situation is also a cautionary tale about how some potential bidders dicker so much that an alternative, less-attractive offer comes along.
Seems to reinforce the view that Nord Gold "dickered" and CGJ management had no choice but to take AuRico's offer (as it was the only/best one on the table).
In any case I'm not convinced shareholders would take Nord Gold's offer - if it was raised a few pennies, maybe. 12 cents might do it.
12c may do it but Aurico can match it so either way it's still a bargain at these levels, I don't think Nord Gold will go away that easy so I will buy at 5c - no way it sells for 50% disc from its imply value either mgmt stick with aurico and or the potential offer or revised offer that may still come from Nord.