RE:RE:RE:Tudor Gold Announces Filing of Goldstorm Spin-OffTo be honest, I'm not sure if it'll create value or not, look at stinger. In my opinion, this move signalled there’s already a direction made on TC, possibly one checkmark on a checklist that needs to be done before it’s taken out, knowing it is getting bought. Natalie got brought in for modelling clearly, so she’s developing the plan, the 3 amigos merge for 100% and it gets taken over. To go through a merger with the amigos and then build a mine would be so costly to the old shareholders only the 'new' shareholders would benefit and stripping out Crown wouldn't make sense for that scenario as there wouldn’t be anything left for future potential after the mine has been created, stripping out Crown makes me believe its being set up for a buyout rather than development. I think as shareholders before any kind of vote, we need to be informed of the complete details, but then again, does our shares even matter or does anyone even care what we think?
Countrygent wrote:
What would your plan be? You have two golden triangle properties in Eskay North and Crown - and Crown looks like it is right up KK's alley - located near Brucejack, on the Sulpherets trend line ... but they are a totally different risk/value proposition from an advanced drill program like TC. So strip 'em out because they are no value throw-ins in the event of a TC a bidding war. Chasing money and the dilution for TC doesn't match up with doing the same for Eskay and Crown. Obviously.
As for additional cost, both companies can run off the same desks, it's just listing fees and maintenance, and Eskay and Crown are both promotable and able to split the office overheads with Tudor so there are some offsetting savings.
I'd say Walter, Eric and Ken have some idea what they are doing. I'll vote for this. Beats watching two interesting prospects, especially Crown, languish.
cg