i took a different stand on the transaction...looking at it more positevely and so is Osisko's new target price of $6.50 just put out ...here's my post from Osisko site ..glta osisko gets mill for free no share dilution ..but yes shared revenue ..but it's ll about the shareholders and dilution hurts..Bontera should know lol..i've been there ...
The big debate would be share dilution vs Joint venture
Osisko need to raise capital to fund this mill at over $800 million ..now to get money share dilution and debt would be the primary sources...how much dilution is a fear for shareholders as debt would be paid back with each producing ounce...Therefore with Gpldgield paying two trancfhes of $300 million and then forking out 50% of the build afterwards they actualy commited to build our mill at Windfall as they gave Osisko there moneys for there 50% up front and through in a smooth 75 million for exploration of the camp..therefore no share dilution and half the profits...we would've given away half the profits abyway through share dilution..here we have a competent team on our side ..therefore after reviewing i'm satisfied and we move forward...glta