As Eastmain shareholder since July 2019:IMO, not so good for Eastmain shareholders:
1- Prime asset is Eastmain project with the ONLY measured reasources. AUG's 2 projects go on back burner- probably JV-d or sold to finance develop of Eastmain project.
2- So why do Eastmain shareholders only receive 31%?
3- My Eastmain shares are reduced by 85% and my per share cost is increased by 7.55 times from US$.106 to US$.9048.
4- If the market liked the deal valued at US$.315, why are Eastmain shares selling today at only US$.2049- only 65% of the claimed deal value?
5- Looks to me like a give away of Eastmain to AUG.
6- As we get nearer to the close, the Eastmain price should rise closer to the US.315 value. But will it?
You cannot make a manure pile into an apple pie; and this deal stinks in my opinion.
If anybody disagrees with me, I am happy to hear you case.