RE:RE:RE:Since the .357/1 deal (steal) was announced:the original buyout price was supposed to be cad$0.44 which they conveniently omitted as well. that is with overvalued cyl and overvalued vango shares buying extreme undervalued sgi shares. buying with overvalued shares instead of cash always make their overvalued shares go down as we have seen. the arbitragers who intend to vote yes may be left with nothing if the merger goes through, all the more reason for them to vote NO.
they still have conveniently omitted the q1 production report. they should be making a profit if production is anywhere near indicated in their jan update. even if q1 is near break even because only part of march was over a$2900 gold price, q1 should be generating a lot of cash with the entire q2 over a$2900.
no need for merger with insane 80% dilution to get all the liabilities of cyl-vango, potentially more liability with zuleika litigation, liabilities with deaths at tiny henty mine, and cyl management that is even more incompetent.