RE:RE:RE:RE:Double bonus
I appreciate the clarification, flashclash, and your last comment is particularly true. The underlying point of my post is directly related to it. It was a double boost for GBR shareholders of course, because they got much more than the "market" was willing to pay, and of course look what happened to the Kinross price. But my comment is actually four faceted in than that, because the long reality is that GBR shareholders got much less than their intrinsic value, simply because the asset is worth considerably more. Trouble is, nobody was/is willing to pay it, and the capital to value it, as you've recognized, until now was unavailable, hence the discount. And on the other side regarding Kinross, after the offer, it should have shot up, but as you say, that negativity transferred. Kinross is now acually intrinsically much more valuable than the billion plus, they're paying. But that situation will eventually rectify itself as the GBR asset is "exposed" (little pun there), from the capital injected to now reveal it. The wisdom and actions to exploit the scenario are in the hands and minds of GBR shareholders. As you can read from some of the posts here, some are distainful about that reality, which of course, is their own personal prerogative. It may even come down to that old philosophical comment made by Plato or Esophagus, or someone famous like that, that said, "You snooze, you lose". LOL