OTCPK:NOXOF - Post by User
Comment by
MrMonkon Jan 11, 2016 6:34pm
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Post# 24448036
RE:RE:RE:RE:looks like
RE:RE:RE:RE:looks like I can't advise you on what to do. Personally, I am holding my NOX shares and will accept the Oban shares. Come March, subject to shareholder approval on both sides, your NioGold shares will be converted to Oban shares at a rate of 0.4167 - your brokerage should automatically do this for you unless you sell your NOX shares before then. If you have 100,000 shares of NOX at that time, as an example, you will receive 41,670 shares of Oban.
Bottom line - if you believe that Oban will do well over the medium or long term (depends on your investment time horizon), hold your shares. Otherwise, sell them now or in the near future (NOX shares should fluctuate in and around the current share price until March; note that if another suitor comes into the mix between now and then, NOX shares could be bid up as a result).
Niogold and Oban share a common stakeholder - Osisko Royalties. The people behind Osisko are smart and savvy - they're not dummies. Oskisko will very much be behind Oban and it's expected success on a go-forward basis. Oban will have several very exciting properties (including Marban), $70MM or thereabouts in cash (very important in today's dreary mining environment), and some very capable and ambitious people. The choice is yours.
- MM