RE:RE:RE:RE:RE:RE:RE:RE:Change in managementtigris72poo,
ROXG shareholders have not voted in favor of the Fortuna Silver acquisition offer which prices Roxgold's gold ounces in the ground at $420 USD/oz, so the offer amounts to a steal.
In the case of a merger of USAS with ORV, USAS could offer up to 0.9 share of USAS for ORV and if Fabulosa went along with this deal, ORVMF would be repriced at $1.93 USD per share. As an ORV shareholder, would I vote in favor of my shares being repriced by a factor of 8 to the upside?
Of course, that is a no brainer!
Orvana's value in terms of the 5 year future production is on the order of $1.89 billion USD, so if USAS could acquire it for $263 million in an all share deal, it would provide geopolitical diversification to USAS and bolt on a high grade underground gold mine in Spain and provide USAS with an accretive acquisition where the value of Orvana's future production is worth 7 times the acquistion price.