Deal announced I was hoping the deal terms would be around 1.80 to 1.85 shares of GMP for each share of RGMP. Instead they are giving 2 full shares. Using the RBC valuation and share exhange prices GMP is worth $2.57 a share, so $193,865,380. And RGMP at $5.15 a share (they used $5.14 in exhange) is worth $425,000,000. So RGMP and GMP combined worth $623,865,380. Which is also around what TD almost bought RGMP for. After issuing almost 111 million shares of GMP the new amount of shares will be 186,428,000. At current price of $1.61 that gives market cap of $300,149,080. So good chance the SP will move up to get close to that intrinsic value of $623,865,380. To equal that, the share price would be $3.35, so I think there is good chance it gets above $2 once deal is ratified.