RE:RE:RE:RE:RE:RE:RE:agree that both offers arent great!I doubt the directors view 9.6 cents now as being a fair offer - most shareholders expect more and I think the existing AuRico deal is worth more.
The AuRico deal works because it gives CGJ the cash to pay their bills (and salaries), allows them to participate in future development of Lynn Lake and allows continued exploration. AuRico shareholders also seem to like this deal so I can't see their directors changing anything.
Whilst AuRico could own 60% of Lynn Lake they will only own 19.9% of CGJ. If Lynn Lake gets built (which means POG will be >$1100/oz) the shares should be 30+ cents not 12-15 cents.
Personally I think the deal has been done and no new deals will come but that is just based on how the shareprice has reacted to all of this.