Some ADVICE for Mr. Ronbromleygross & others....Ronbromleygross wrote:
"As Yamana shareholders are getting screwed here then let your voices be heard. Vote NO when you get your proxy vote to tender your vote. They need 66.66 percent approval to pass this acquisition. Many are not happy about this offer and will probably vote no. Your vote counts so make sure you vote or don't bother complaining after the fact"
That would be a waste of time as you don't ANY of the conditions required in this situation for this even getting close to voted down. This isn't a hostile takeover or even a surprise friendly offer that the Yamana BOD or mgmt wasn't aware of. This is a mutual agreed upon structured deal that probably took a few months to get done and having the blessing of BOTH sides. Also, they wouldn't have announced this deal UNLESS they had the approval of the major shareholders to make sure this passess wtihout ANY glitches. In addition, you don't even have a major holder who's become a dissident s/h and come out plublicly against this deal. And i doubt very much you will have one doing so in this particular combo. No my friend, i'm afraid all angles were covered and whatever little resistance, disatisfaction or non-approval of this deal you have with retial holders will not even amount to 5%-10% of all s/h. So in other words completely fruitless.
A good, recent comparison would be Agnico's buyout of Kirkland Gold. As is the situation here, the Agnico-Kirkland deal was also announced as pre-packaged deal with the approval of both BODs...... as it is the case here. Folks were pissed off in that deal too but to no avail. And there will be NO competeting bid either from a possible "white Knight" situation. As i don't see anyone else stepping forward to offer a better deal to Yamana s/h. ANY possible suitor who was even slightly interested in Yamana's assets would have made an "offer" by now before the Goldfiled deal.... a long time ago.
So my "best" advice to Mr. Ronbromleygross and others who aren't too happy with this deal or the outcome of recent events, would be to take the money & run and reinvest it quickly elsewhere. It would be total pointless & fruitless to lose hair or sleep over this as this is pretty much a DONE DEAL in every respect. So if you're upset my friends, take my previous advice from my last post and move on, don't fret over this and linger here as an unhappy s/h screaming at the top of you liungs and puching the walls hoping things will change, because they won't.
This is the BEST advice i can offer you based on MANY years of experience in his sector and having witnessed MANY deals spanning SEVERAL decades. I hope this commentary helps you in some way.
GLTA