RE:RE:RE:RE:RE:RE:RE:RE:RE:Predictions TFSAfunds, I agree with your observation on the option for cash. I discussed this with another investor when it was first disclosed publicly. I too noted the low conversion price.
It wasn't an indication of strength or conviction on where this could go.
The company should not have entertained the cash option at such a low conversion price.
Goes back to my earlier comment. If McArthur can't get the placement closed in the next very short while, Cabacal was clearly over valued and the terms to the acquisition were very poorly negotiated on the part of the company.
McArthur can still get it done. An oversubscribed placement would certainly add confidence that the acquisition and funding of it was better thought out than you are willing to give credit for and I certainly won't give credit for if they come up short.
Let's go McArthur, provide a BANG FOR THE BUCK !