RE:RE:RE:negotiationSo, the peanut gallery believes that we are looking at a GCM acquisition of GLDX? OK, I am curious what the acquistion ratio would be. The lowball offer last time which fell through was 1/2 a share of GCM per share of GLDX if I remember correctly. As a GLDX shareholder, I would want at least 0.75 share of GCM per share of GLDX in order to vote yes on a pending deal.
Remember, the split-adjusted highs for GLDX are $75 USD a share. We are trading at only 3% of that right now. An acquisition anywhere near today's share price for GLDX is grand larceny, it makes no sense to give away the shop for next to nothing. Using a standard 50% premium, that would value GLDX's shares at about 75% of GCM's, so anything less than 0.75 share won't cut it.
With regards to the chatter about a possible Chinese acqusition, I would vote no based on principle alone, regardless of the offer amount.