RE:RE:RE:Circulars are filed.Method wrote: Posted this on the V.RYG board.
I have been thinking about this a lot too. I would prefer a return a wind up and a return of capital for both RYG and CRG but I know that won't happen with the effective control of Dundee. If this deal were to break for some reason (and the only real possibility that I see is too many dissident shareholders at RYG), the next deal proposed to us would be a merger of EAG, RYG and CRG without the benefit of OSK buying a bunch of the merged entity at the equivalent of buying RYG at 20.68 cents/share.
While this deal doesn't give the certainty of 16-18 cents/share for RYG (liquidation after costs), at least it gives the possibility to much higher numbers if institutional investors get behind OBN, which given the love for OSK is a real possibility once the deal closes and new OBN is a $2 stock. I imagine some brokers will pick up coverage on deal close as well given some have been paid to broker this deal and have good relationships with OSK.
I have voted in favour for both my RYG and CRG stock.
good points... i assume RYG was rather closely controlled but I dont follow it. I have a little EAG... in this environment to expect cash paid out is crazy... they could have wound up RYG and CRG years ago.