RE:RE:>>> $2.15 Buy-out offer >>>Answer to last 3 posts :
yes, warrants end up as shares but I am not sure about the transaction procedure. Basically, for example, $2.00 buyout would mean $1.80 net for your option.
Huge premiun is possible due to the huge discount. Pala has built and nursed thhis pumpkin along and if a 20 billion dollar + mining company wants the only permitted project in the USA ,for a big high grade open pit, they will have to pay up a fair value.
The consolidation will take place subsequent to the June 17 meeting at which the ration will be announced,. The USA listing will happen toward the end of the year after full 5,000 tpd, which itself is only waiting on custom ordered huge vent fans (the surface ones.)
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westcoast1000 wrote: Not,
All the warrants are now well into the money.
They could be exchanged, along with the relevant purchase price, for shares at any time.
In your opinion, what happens to the warrants in the case of a buy-out offer?
Do they have to be redeemed for shares in order to be part of the buy-out?
Any views on this process would be helpful.
Other than an earthquake (which did happen about 100 miles from the mine only yesterday) or some other kind of underground black swan, a buy out before I redeem my warrants is one of the only ways I can see this process not ending with a big bag of cash.