Should I vote "yes" for the deal? I can’t seem to be able to bring myself to vote yes for the “deal”.
It just seems very strange/suspicious to me that this deal was struck “conveniently” around the 3 week period in March that saw some of the lowest prices Semafo has seen in almost 7 years – not because Semafo is a lousy company, but because of a general stock market crash.
I think that the idea Semafo/Endeavour combining is ok – considering their proximity to each other in West Africa.
It may be a good deal for the Semafo executive, but not so much for the retail shareholders.
These feelings are not based on any mathematical calculations, just my gut telling me that the deal sucks.
Can anyone here convince me that I am wrong and that I should vote “yes”?