RE:RE:RE:Eldorado Gold Corp. Announces Sale Of More Chinese Assets TG, - With Eldorado selling the remainder of their Chinese assets, their losing around 250K Au per/year in future production. With all Chinese assets now sold an immediate need arises of remediating the loss of those Au ounces to help appease their shareholders, and solidfy their stock price. It would not be to difficult to believe that with their enormous amount of cash sitting in their treasury after these deals close, that a take-over of another producing mine in a safe-jurisdiction is where a good chunk this money will end-up.
As far as any take-out - I believe that without management's approval, the 66.66% needed for a take-out would not pass.
As far as FT Shares - Basic Component Rules for FT Shares- The Qualifying Expenditures are renounced (in Integra's case passed on from Integra to the FT Share holders no later than 12/31/2016); Afterwards the FT Share holders are then entitled to deduct the Qualifying Expenditures in computing that year's income.