SD Gold optionsHaving read the deal documents I could not find any clauses that would prevent SD Gold buying TMAC shares in the open market today at prices under $1.75. Logically, if the deal does eventually get approved, it would be financially advantageous for SD Gold to pick up shares at say $1.35 today, rather than having to acquire them in 6 months time at $1.75. If they get to 10% of the float in the open market (recognizing they already have around 8% from the recent private placement deal), they would have to disclose their market activity. I don't see any issue with that restriction, everyone knows they would like to buy teh Company.
Thoughts anyone?