RE:RE:RE:RE:RE:RE:RE:Background of the $2.2 Billion ALL CASH deal - Osisko Mining I think we are simply waiting for "day 37" so to speak.
With USCG not being able to be named directly anymore it is due to securities laws, which as far I can tell, would mean they are a party to a proposed transaction (if anyone else knows other material reasons why they can't be named directly please feel to pipe in). I think the events from days 11-15 have happened and had happened prior to the PR on August 20th. How much prior is anyone's best guess. I like to believe that the PR came out on the 20th because Cynthia knew she would need to release at least an update prior to the "expiry" of the initial engagement date. Obviously things were not completed on the 20th and to date still have not but I feel like that Pr was just a bone to be thrown to us dogs while we wait for the relay steak... or beef if you will.
I say days 11-15 because that is where a financial advisor is secured and a letter of intent is secured. Those are the only events that I am aware of that could take place to lead to a scenario where USCG can no longer be named publicly by Lme.
That said not every deal fits a mould it's entirely possible "days 11-15" happened months ago and multiple offers have muddied the waters... it's unfortunate but there are too many unknown variables to be sure.
If this is the case then we are in the period of days "16-37" but who knows what the timeline is like in relation to LME. It is also important to note that this timeline applies to a plan of arrangement transaction.
maybe there are multiple bidders and this gets stretched out another month, we don't really know. All I do know is I've never been more confident in LME and I am very excited to read the information circular once all this does come to fruition.