RE:RE:RE:Endeavour pivots to exploration to shake 'M&A junkie' imagemarben100 wrote: Don't see why there should be unease about acquisitions at a time of high gold prices, when the acqusititions were made using shares (valued based on the same high gold prices), not cash.
Hi Mark,
I get what you are saying above and it really does not make sense as stated. However, in the case of EDV, I think TGZ was valued higher than EDV in November. ie overvalued vs EDV. EDV got slapped immediately and permanently.
And my anecdotal evidence is that it was the ****first**** time retail investors did not complain at all about the terms of the merger - meaing the company being taken over by EDV. Every other merger or aquisition had SH posters screaming about being ripped off. Not a whisper of that in November on the TGZ board. A happy lot.
Stocharts EDV vs GDXJ time will tell.
tC