RE:RE:RE:RE:GG Share price rising/ Newmont better up their price!when2buy wrote: robvc wrote: Thanks for clarification. I will be voting NO to this merger. We got raped as shareholders.
While no retail investor is likely to vote in favour, only the Institutional votes will matter. So far, institutional rumours of another deal, suitor, etc are quiet. Goldcorp SP is trading with no premium to the Newmont arrangement which suggests no other suitors are in the data room.
A move through $1350 on Gold would provide a breakout to all gold stocks (including G), however, it's performance is now capped by the Newmont share exchange.
A better scenario for retail investors would be a return of Rob McEwen to the C-Suite or a merger with AEM with Sean Boyd running the combined companies.
In any event, D. Garofalo's future in the Gold industry is coming to an end given the lack of consistent operational results at Goldcorp.
i can’t see the institutional holders, most of which are probably underwater, and previously resigned to the long slow turn-around plans ( 20/20/20), being happy with what amounts to ( so far) a zero premium ( in fact now a substantial discount to a fall 2018 price of over $17 based in part on the “plan”)
If they see no other suitors on the horizon will they be content and vote Yes? I have a hard time believing they will.