GREY:VITFF - Post by User
Post by
slamdunkon Sep 30, 2021 8:25am
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Post# 33942452
As Long As Coeur Has 17.8%-they are in the game
As Long As Coeur Has 17.8%-they are in the gameOCB--has since May 10 has made more quesses ,predictions and timing calls.He has mislead,spread f knowingly false statement not based on fact.Now its i don't care.
He has an aggenda and will alter anything to fit that.
Coeur finessed the acquisition of 7.8% from Orion without paying cash at a 5%discount to 20day average
.Coeur and Orion assembeled an Argreement and Support Agreement with the CEO Victoria only finding out several hours before the press release.
Orion allowed Coeur to pay with more shares the 75% spread from 13.20 if they were successfull in getting over 50% of shares and 50% Board approval..
The purchase/ trade was valued at 117 million at the time those CDE shares were traded at 9.17.
Coeur filed an Early Warning Intent To Purchase with SEC and Victoria has been in play.
The drilling results that OCB predicted have now been pushed to 4th quarter .
This long wait for drilling results will allow CDE or any suitor for their shares to hopefully recover. from this sector collapse..
So the fact stands that Coeur and Orion have that Support Agreement that expires Oct 31.The two largest positons in Victoria. Coeur has not filed with SEC any new Shelf Registration(printing of shares) above 300 million and nothing in a way amending Agreeement and Support Agreement.
AS LONG AS COEUR HAS 17.8% THEY ARE IN THE GAME and even more so with Orion support till oct 31
.