RE:It's not a premium when they use FVI's overvalued shares asInteresting that Fortuna is down as much as RoxG is up this morning. That's good, I guess, means Fortuna shareholders don't think they got the best of the deal. But it always seems to happen this way, buyer goes down, buyed goes up. And shareholders so often don't know much anyway. Probably the algorithms selling Fortuna. On first blush it does seem a good deal for Fortuna, so maybe if gold and silver go up some Fortuna can get back to the $12 share price soon. RoxG was headed for mid $3s ,or more if gold went up a bunch, but it was going to take quite awhile, probably not until the new mine came on. Maybe this may be quicker , assuming one stays with Fortuna.
And it is a done deal. All the institutional holders of both companies would be well aware of this deal before it was announced, and gave their approval, otherwise it wouldn't have happened. These things are never left to the whims of shareholders, not now when institutional holders always hold such a large percent.