TSX:LSG.DB - Post by User
Comment by
Crucel78on Feb 08, 2016 9:52am
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Post# 24534929
RE:RE:Offer is too low
RE:RE:Offer is too low
Why is LSG management so happy with this deal?
They did withhold the latest drill results to make the offer look good.
The resource update adds approx.. 3 years of production. The Share price would go up significantly after the release.
“representing a 14.8% premium to the closing price of Lake Shore Gold on February 5, 2016 and a 28.6% premium”
What would the premium be after the resource update? Mabey 20%...?
I am very disappointed in LSG management. They did a very good job developing the company and now they give it all away for a 20% premium. Negotiating isn’t there strongest quality..
I gues Tahoe asked a bank to manipulate there stock price upward before launching this offer.. So what is left of that 28% “premium”?
Just look at the stock price of Tahoe? It will crash in the next week. Analists will tell you it’s because of the dilution. But at the same time the bank that did manipulate the stockprice for Tahoe will stop manipulating and sell the stocks they did buy to increase the stockprice.
I am not sure what to do now. Just sell my shares. Or wait for a second offer