RE:Extreme Caution PrevailsCGJ was trading around 4 cents prior to the AuRico deal - adding 70.6m shares @ 8 cents gives a diluted shareprice of 5.5 cents. That seems to be where CGJ is trading.
AuRico paid a premium for a PP, they are not offering to buy any shares in the market. It is almost 100% guaranteed that a company trades below the PP price.