RE:RE:RE:RE:NO !!!!!!!!!!!!!!!!!!!!!!!!Shadow10 wrote: Joe Foster, a portfolio manager with New York-based VanEck, is even more bullish on Pretium. In fact, he thinks the company is being sold for too cheap a price, especially in light of the company recently making a promising new discovery that could add considerable life to the existing orebody.
“I don’t think this offer reflects the potential of the Pretium properties and the solid management,” he said. “I think you can justify a higher price.”
Van Eck owns 710MM or 5% of GDX in Newcrest while only 140mm or <1% of GDX in Pretium; so wouldn't it be better for Van Eck to support the deal gain of the 5% shares and lose on the <1% shares; assuming Newcrest is getting Pretium on the cheap? Being a KL shareholder I know what being bought out on the cheap means..