GREY:VITFF - Post by User
Comment by
slamdunkon Jun 06, 2021 6:21pm
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Post# 33337995
RE:My Take
RE:My TakeIf Coeur get over 50% Orion gets back 75%of"The Spread " thats between the 13.20 sale price and share price for that they agree to support Coeur with their remaining shares and influence .Coeur needs approval of 50% of Board...This will be paid with Coeur shares up to their 300million outstanding limit and the balance in cash..
This is Orions game
But i think OConnell muddied the water with Shareholder Rights Plan and its attachement followed by a 5% purchase to cancel butback that raises Orion over 20% when share buyback to cancel is completed .It triggers Shareholders Rights Plan with its attachement. that allows for each attached share purchase one per share at a 50% discount
This does not apply to acqiurer.
Coeur must have a heavy hitter taking on their debt the was a substantial rumur the Federation Gold was buying Kensingto in Australian Financial Times ex CEO of Evolution Gold
Marc LeMessuier that buit that Company to six mines..
This is Machiavellian
.