RE:RE:RE:RE:RE:KDX tender decision The offer options went to my online broker and they ask me to select which option.
The table below shows the neutral position when the offer was made in March.
The HL need to rise from current mv to make shares attractive. But a lot can happen between making the election and the share / cash pay date, which is ?????
Offer terms | Klondex Shares | option 1 [HL & Cash] | option 2 [cash] | option 3 [Hecla shares] |
Hecla SP - OFFER DATE | | $3.94 | $3.94 | $3.94 |
0.4136 Hecla | 50,000 | $81,479.20 | | |
US$0.8411 cash | 50,000 | $42,055.00 | | |
US$2.47 cash | 50,000 | | $123,500.00 | |
0.6272 Hecla | 50,000 | | | $123,558.40 |
| | $123,534.20 | $123,500.00 | $123,558.40 |