RE:RE:RE:The axes are outmetalhead666 wrote: And if Alamos goes down?
This is a good deal for Alamos but not for you. They keep the only decent asset and spin off the krap to bagholding retail
how so you dont just end up with the spinco which is supposed to produce 100K oz this year but you get .0185 shares for every AR share in the combined company.
all the whining going on by the guys that have higher averages because they bought shares at $1-4 no one forced you to purchase at those levels!!!
you have had ample oppertunity to average down if your average was lets say $2 on 10000 shares cost would be $20000
if you bought and extra 5000 shares at .70 thats $3500 your average would be
$23500 div by 15000 = $1.56per share av
then leats say 5000 at $.45 thats $2250
$25750 div 20000 shares = $1.2875per share av
and on the big dip 20000 at $.22 =$ 4400
$30150 div 40000 shares= $.753 per share av
you know now that a $.36 as of yesterdays closing base is established (assigning 0$ for spinco)
if you up your investment to an even $40000 that would get you another 22692 shares of AR at $.39
so $40000 invested holding 62692 shares of AR you average would be $.638
then you are not looking so bad at all with Alamos gold possibly sitting at $5-$10 higher by June
the buyout price with a $10 rise in SP would be at $.52 as we are getting a defined number of shares per AR share. Will Alamos continue to go up in value I think so by year end with POG on the march you will prob be in a cash positive position on the Alamos shares alone.
now is spinco worth anything ??? you tell me they said 100000 oz production for this year with no debts??
now if you just sat on your initial investment hoping for the best then thats your fault for not beeing smart and should probably buy GIC's and certainly not buy in the mining sector which is notorious for this kind of stuff....i learnt my lessons the hard way over many years.
everyone sould listen to the webcast presentation on combining the two companys very informative i will vote YES to the merger!!!!!!!!!
GLTA