RE:Vote Yes as a Goldcorp shareholder is a nobrainerGoldRush110 wrote: I´ve heard alot of people wanting this deal to die because of Telfers paycheck and other stupid reasons. Yes I agree that he is not worth the money and been a disaster at Goldcorp. How much is really the 8million USD extra in the big picture? Let´s say Goldcorp shareholders would say no to the deal; The we are stuck with the same management and also have to pay Newmont 350Millions. The shareprice will be much lower than 8.5 which was the low after the Q3disaster.
Now when Paulson oppose the merger its an even bigger no-brainer to vote yes. For me there is 2 good scenarios in this, Goldcorp vote says yes and then Newmont shareholders vote no; We are then in the same position like before the mergertalks started but with 650million USD extra in cash.
If both Goldcorp and Newmont shareholders vote yes we still have alot of good assets but with better operators. If Goldcorp shareholders vote no to this just because they are angry about 8millions to Telfer we are stuck with him, the balancesheet is even worse and it will take years just to earn the 350Millions we are giving away to Newmont.
Good points. I am hopeful of a No from Newmont Foster, at Van Eck is blasting the deal now as well (5.9% of NEM) Interestingly they also own 6 % of G. However hasn't said how they will vote. Nobody can stomach the Telfer package. It reeks to high heaven.-----------------------------------https://finance.yahoo.com/news/vaneck-shares-paulson-apos-concerns-163644150.html-------------------------------------------------------------------------This could all be posturing to get G holders to vote Yes, and or to get Telfer to lower his package. The theory is that G shareholders will be convinced to take the deal, by high profile "experts" saying the deal was too rich. It's truly the opposite. In the end, I hope G says Yes, and Newmont says No. We take the cash and throw the bums in Mgt out as fast as possible (and or merge with someone else).-----------------------------------I would also bet that greedy and incompetent Telfer feels some pressure to take a smaller payout, in an attempt to secure a double Yes vote. Doubt the buyout price drops. MM