RE:RE:RE:RE:RE:RE:RE:RE:Strange dealIt's all locked up. Done, unless there's a proxy war among the largest shareholders which is unlikely. In a case like this, all large stakeholders approved in advance.
I do agree that the price can be better i.e. a premium. Then again, the SSR peeps would argue no way due to geographic risk of ASR mine even though it's still producing and going strong unlike some of SSRs mines.
The share ratio of SSR: ASR is roughly 2:1 in the lockup agreement. Currently, the market cap of ASR is 2.5 B and that of SSR is 3.24B. 2.5/3.24= .77 Here there's a valuation issue (for now). The market is currently valuing ASR at 75% of SSR not the .33 agreed to so the ways to rectify are for SSR to increase price drastically or for ASR to fall which it won't. Maybe another suiter will truly see the value in ASR and swoop in with a premium. Current management sold out literally. Not the best deal out there. If the market caps stay in the same ratios as they are, SSR is getting a steal. The market is pricing ASR at 75% of the value of SSR not the 33% agreed to in the deal.
Looking for others to weigh in.......
sb
sb