RE:RE:RE:RE:RE:RE:negotiationand how can you say your goldx shares are a lot more valuable than the SAME goldx shares gcm holds?
gcm holding 20% (or more after exercising all instruments) of goldx $155 mil market cap is $31 mil, so goldx minus gcm holding is only $124 mil.
so you are saying your $124 mil goldx shares should be highly valued compared to
gcm $203 mil share holdings (containing mostly aris and $31 mil of goldx)
$100 mil cash
200k oz/yr high grade cash cow
that does not look fair at all.
companies that desperately need cash do not dictate the terms.
my preference is that the halt is just gcm buying shares of goldx to fund their drilling program, and the rest is just overactive imagination.
Heywood_Silvers wrote: Well, go ahead and run the numbers. GCM's and Aris's M&I resources pale in comparison to GLDX's elephant-sized resource. You think an elephant is going to come cheap?!
We know the 0.5 share offer was too low. Personally, I would love to get 1:1, but I know that isn't going to happen. So, I'm comfortable with splitting the difference at 0.75.
Matysek & Friedland were brought on board to ensure that we get fair value in any acquisiton. Whatever the ultiamate ratio ends up being, we all know it will be accretive to GCM shareholders, so it would be a win-win.