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Golden Queen Mining Co. Ltd. - Ordinary Shares T.GQM


Primary Symbol: GQMNF

"Golden Queen Mining Co Ltd is a Canada based company engaged in exploration of minerals. The company holds interests in Soledad Mountain Mine located in the Mojave Mining District, Kern County, California. The Mine uses conventional open pit mining methods and the cyanide heap leach and Merrill-Crowe processes to recover gold and silver from crushed, agglomerated ore."


GREY:GQMNF - Post by User

Post by thesinnerinmeon Feb 04, 2019 2:35am
220 Views
Post# 29313301

Lets organise ourselves, we need legal support

Lets organise ourselves, we need legal supportOn 15 Feb our GQMNF management will announce the Clay 0.05 usd per share offer (see below 13D form "purchase price: For valuation purposes, the total consideration afforded by the Transaction to Seller consists of the Purchase Price and the value of the resulting TSX-listed company with no majority shareholder and cash of approximately $5MM, less transaction-related expenses.") is the only serious one and a great deal in the interest of all as it eliminates GQMNF debt and leaves us the cash. They will not consider that the 26 million money Clay lent the company is for their investment program, which they will pay back to themselves in the next quarter with the gold stockpiled in 2018 which has now higher value, nor will they consider the deal involves we get 177 million Clay shares valued at 0.8 cad worth nothing anymore nor that the whole GQMNF will be worth nothing after the deal, so we will take the whole blow.
Please see below their offer in the 13D statement linked there.
ONLY IF WE ORGANISE AMONGST OURSELVES, the minority shareholders, and we hire a lawyer to push GQMNF with some serious resistance our terms might improve. Some meat is on the table, GWMNF is not an empty bag, law firms should be interested. Any US-based colleague here willing to organise something?
 
https://www.streetinsider.com/SEC+Filings/Form+SC+13DA+GOLDEN+QUEEN+MINING+CO+Filed+by%3A+Clay+Thomas+Moragne/14983967.html

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