RE:RE:RE:RE:RE:RE:Centamin is overpriced ...and it's recovered 36c of that decline within a day (when the gold price was down). ;0)
To paraphrase Ben Graham, in the short term the market is a voting machine, but it's a weighing machine in the long run. I don't pay much attention to day-by-day share price movements, or the actions of skittish traders.
Our largest shareholder is certainly supportive of the deal (with ITRO 30m shares vs < 1m traded over the last couple of days).
If this deal proceeds, a principal factor for me, in deciding whether I like it, will be proforma free cashflow per share for the combined entity vs that for Endeavour alone. I will probably have to construct my own financial model to assess that.
Cheers,
Mark