Samco Gold Ltd V.SGA.H

RE:Anyone in?

[bartno12001]

yeah just hold a few shares. if it works then share price opens at 3. Samco is saying they will get 2444 million from this (50 million to grantor and 194 million to samco). 194 million / 65 million shares = 2.98 share price. To me its apparent that yamana doesn't want to pay and its just wasting time. They have no more ground to appeal so samco has already won. Question is how much they have won. Samco is saying that the valuator only calculated till 2015 whereas the mine has a life till 2019. Today yamana announced they got an order to stop the enforcement of this lawsuit. Well I think what yamana is doing is making sure that private placement fills and then they pay samco. The lawyers of yamana have already given up and last time I checked whenever a supreme court makes a decision its final and definitive. Last few appeals have been thrown out and this gross miscalculation appeal will be thrown out too. watch. I also remember that yamana ceo came on BNN and was coughing and saying that RBC analyst is wrong and most of the money they owe don't have to be paid till 2021. well why all of a sudden do a private placement. Yamana just wants to try to pay as less as possible now but they are ready to pay the whole 244 million if court orders them. Its definitely a waiting game so don't go heavy on it. It may be months before we get anything. So hold only what you can afford to hold.