GREY:ALXDF - Post by User
Comment by
cfaeron Jul 25, 2019 12:20pm
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Post# 29959576
RE:Why BOD steering deal to O3?! PG's raison d'etre- WH out
RE:Why BOD steering deal to O3?! PG's raison d'etre- WH outApparently so. The bigger question is why Agnico Eagle did not follow-up and take advantage of a very weakened and deteriorating 03 offer after supporting AZX all these years; made an offer praising the virtues of AZX but then quietly exited....and seemingly MAY and most likely did vote in favour of the 03 deal. Any bright lights out there want to comment especially considering the Agnico just released reported financials that way exceeded income estimates.
The entire process bears investigating (dont hold your breath) right from the start of how 03 Mining through shell Chantrell Ventures at the time was able to offer a deal based on a way overpriced 3.88 ( a producer price !!) that would have been approved by the venture exchange.
Also, during the voting period we had personal contacts by O3 who basically tried to use fear tactics i.e. AZX will go bankrupt as one example which was more than bunk if the vote did not go their way.
The common factor who both indirectly and directly gained on both the 03 and AZX side was Mr Sprott.