RE:RE:A horse race ?Let me speculate further.
- Extension of voting: Usually, this kind of information has to be agreed by both sides and announced during business hours, and not during the weekend. It has to be in writing, not by phone or even in person. I have not seen any extension announcement on both AZX website/Special Meeting and the FG website.
- Vote in person: Shareholders can vote in person at the Meeting, as instructed in the proxy forms (both blue and yellow). There are formal steps one would need to go through. Can't just go to the meeting and vote. You would need to register (presumably ahead of time) with the scrutineer or proxy tabulator. Usually, voting in person is done by major shareholders, e.g. AEM, and they would send in a lawyer to do that. Their representative would normally meet with the company officials (board members who are running the Meeting), before the actual meeting to have a private chat first (last minute negatiation?).
- cfaer: You said, from the horses mouth, AEM voted approx 28Ms. Did the horse say that, or could it be a typo, since 28Ms represents only 5.8%OS (AEM is reportedly has 8%OS)? If it came from the horse, then that horse does not have the correct information.
- It would be even more interesting, if it turned out that AEM voted for EO, then switch side/revoke/abstain at the meeting.
- One thing for sure, AEM will not let AZX go to a competitor. It does not matter who won on 24 July 2018, Financing will be required to a tune of say $7M to complete the work recommended in the Technical Report (~$5M) for improving Orenada RE. Expect AEM will be there to support this Financing. The question is under what term? Whatever it is ES has to be happy with it.
GH
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goldopportunity wrote: Hey cfaer -- let's make this interesting and speculate a bit.
1) If your unfounded rumour is true about there being a vote extension, then I would have to surmise that alexandria stock would be halted before tomorrow's open. Inversely, no halt in alexandria stock before the open = no voting extension.
2) If indeed agnico sided with EO it would only be because agnico couldn't reach a deal with ES et al. But even if this happened to be the case, I'm thinking EO still lost the proxy vote. How do I know this? Simple. Your "horse's mouth" source would have said EO won.....but he didn't. Carrying this one step further, if my reasoning is correct, I could see agnico turning tail on EO shortly after tuesday's meeting and make an unsolicated bid for all of alexandria. The rationale could very well be if they can't get what they want thru ES et al, then they'll go after the whole enchillada.
Let me stress that everything I've said above is pure speculation. I'm only countering unfounded rumours presented by cfaer. So we'll see what happens. Jmvho.
goldopp
Cfaer said:
"Rumour has it there was a big blitz by the Founders Group here in Toronto this weekend. Those contacted are told that there is an extention to the voting for a short while. Most surprising is that Founders are apparently indicating that Agnico Eagle sided with them in recently voting their approximately 28 million shares - straight from the horses mouth.