RE:RE:RE:RE:RE:RE:RE:$4 or $5 CAD for a takeover?2.00 per share will not be accepted. It traded at 5.00 and nothing has changed since then other than the price of gold has risen,.
No one buys shared to make .20 cents a share. They want a double or triple. No one invest for .20 cents.
The offer has to be at least double the current largest shareholder average share price and that means 3.60 to 4.00.
Heavy manipulation will not lower the price. Gold is headed back up. Every 10 dollars means about 2,000,000 dollars. So far we seen about 6,000,000 come in.
The company can easly buy shares back at this price or drop a dividend
Financing is guaranteed at this gold price.