RE:RE:RE:RE:RE:stock action5oceans wrote: ... big NO to that idea, IMO for the small guy CASHisKING. I don"t want to be tied up to the future plans of some other board that i haven't been follwing. Give me the money and let go to the field of explorers and do what they on the ground, I want to explore for my next play. I do understand that for the bought company if the deal takes with it most of the founders and rewards them on the other side, they may go for it. In that case, the board has to have a sound plan as to where to go get all the votes. We, the small fish, vote for CASH. Just me.
That's the beauty of common shares - you can sell your SGD shares at any time, including either before or after a potential takeout deal is announced but not yet closed, wait until after it closes and sell your (new) shares, hold on to your new company shares, etc.
The reason I'm quite confident it will be an all-share deal is building a mine is expensive, especially if it's located in a remote area, so companies like BTO aren't going to use cash to buy a company only to have to fund the new mine with more cash and / or debt. Even the big boys often issue new shares to the target company shareholders instead of cash.