Offer termsHecla shares are now only a few cents away from the US$3.94 price when the deal was struck.
Subsequently, the Hecal SP fell as KDX was uplifted.
However, if the Hecla SP exceeds the cash alternative, then it is likely that KDX shareholders will have to accept the part cash alternative, as there would not be enough of the capped in number Hecla shares on offer to go round.
Immediately after the shares / cash allocation, it is also likely some of the former KDX shareholders will sell their Hecla allocation, on the basis that it was not their own choice to buy Hecla.
In this scenario, I may buy into Hecla on a post allocation dip.
As stated before, silver has a positive upside at its present level and of the very limited number of silver producers, Hcla is one of the few with most of its producing assets north of the Mexican border.