GREY:MPRXF - Post by User
Comment by
Miranon Apr 28, 2015 11:06am
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Post# 23671616
RE:10 Million Shares of Mega Precious Were Bought Yesterday
RE:10 Million Shares of Mega Precious Were Bought YesterdayTraylblaze wrote: Why? Because these savvy investors know another offer is coming. The boys from the big brokerage companies are buying massive amounts of Mega Precious at or above Yamana's offer. They would only do this if they were confident they would make a nice profit.......
Actually most of the shares are being bought below the offer price from Yamana.
Most trading activity was 9.5 cents.
YRI is currently trading at 4.84, so if the deal was completed today it would be calculated like this:
4.84*.02092 + .001= 10.0225 CENTS.
So even buying @ 9.5 CENTS is a STEAL as long as YRI stays above $4.49.