OTCPK:NOXOF - Post by User
Comment by
MrMonkon Jan 12, 2016 2:31pm
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Post# 24450801
RE:RE:Consolidation
RE:RE:ConsolidationI've said this before - it's fruitless to try to understand why others are selling. They have their reasons, and those reasons may not be aligned with yours. Waste of time - you will never know, and it actually doesn't really matter.
I like the Oban shares for the medium term. NioGold is worth more than $0.50/share, however that would likely have been all they would have gotten from Agnico/Yamana if they made a direct offer instead of Oban. Now, because we will have Oban shares and a larger business, we can negotiate on the property directly instead of selling the whole company. Better for shareholders in the long run. I am curious about the cash raise. I think it might be so Osisko can participate and increase their position. I expect it will be placed quickly. This also makes Oban bigger and better able to negotiate with Agnico/Yamana.
- MM