70.85% = Quite narrow "YES" vote result at Kirkland Lake...186,840,773 Kirkland Shares, representing approximately 70.85% of the issued and outstanding Kirkland Shares as at the record date, were voted at the Meeting....
Bear in mind: Newcrest would
need 66.666 % "Yes" votes for their scam offer in our case.
The big difference between Pretium and Kirkland:
The Kirkland offer was made after Kirkland share price had developed in the last 5 years a plus of 673.89 %. The offer came at the end of a successful big expansion by Kirkland with a big share price plus.
The Pretium offer comes exactly at the start of such an expansion phase. We just became net debt free. Super interesting assay results are pending and the CEO spoke of
game changing potentials. It seems to be rather probably that the size of PVG gold production / gold reserves can double or triple within the coming 5 years.
This timing makes the offer from Newcrest to a double scam offer. Much too low price
and at a point of time, which betrays long term PVG investors.
High probability that Newcrest will not get the needed 66.66% "Yes" votes and falls through. This is also seen so by the market. Actually the gap between PVG market price and the offer price enables a more than 20 % p.A. arbitrage possibility. Much too high gap !
(I was on the buying side today, again under 13.70 USD).
BTW: how much has Newcrest to pay to us, if the "arrangement" falls through by their fault ? For example because of proved illegal direct or indirect market manipulations by Newcrest in context with the "Arrangement" ... ?
PVG will do in the next 5 years, what KL did in the last five years. Come back in 5 years and make your new offer then, dear Newcrest !