here is a little theoryi think for the most part we are all a little surprized/pizzed at the buyout offer that was agreed to and negotiated by Richard and the board...
we knew that refinancing had to be done to get us thru this year and some thought consolidation was inevidable and then another PP to possibly get us the money needed to get fully operational and stay liquid.
how bout this for a scenario Young playing hardball with the 3 financing offers on the table didnt work out meenwhile in the background he has Alamos knocking on his door with this offer (that no one likes) but it is the least painful for all shareholders of AR.
all the while he is thinking how can i get others interested in a fairily short period of time to make a counter bid to Alamos.....
the best way is for this to become public a formal bid to purchase AR ....do you think the guys at Barrick, Newmont, Agnico etc are not sitting in a conference call right now discussing this possible merger (at such bargain basement prices by all accounts) and saying to themselves ....sc.r.ew that we are not going to let Alamos have it for that.
Young knew that this would create big waves ...lets see what they wash up on the Argonaught Gold Beach??!!!!
if i were a betting man i would bet that competing offers will be heading in our direction from more than one of the other big players all of whom have said they are looking for M&A oppertunities in Canada. Even if they up the offer by $.20 a share this would still be a great deal ! what is the top number???lets wait and see!