RE:A new offer would be great!iq4u wrote: It would be a great thing if somebody would make a better offer then 0,08 CAD.
Maybe St. Barbara or another mining company could offer 0,16 oder 0,24 CAD for each share.
This would be a great turnaround in November for us shareholders as we waited far to long to sell our shares.
Hey iq4u, if you remember when ANX did his hostile bid, MAE shareholders were not just "accepting it" without a bit of fight. When ANX saw that their bid was not going to pass, they offered better. I think that NEXG can be the one offering more as they need us too!
If someone is offering to buy one of your property (read here your SGNL shares) at a price you find too low, will you not tell them that they have to do better to convince you?
I think that this board is pretty quiet about the fact that the SP was being driven down since the last couple of years and that the offer we have right now is based on that low valuation from the "markets". If NEXG sees that this deal will go through without some figthing, then yep, NEXG will get the "spectacular" buy they are bragging about at this "cheap" price.
I'm suspecting that SGNL's shareholders will be contacted prior to voting (after November 4) to get a feeling about the sentiment we have about that deal. If we all "accept" with that "yeah yeah" attitude, then you'll only get 30% of the new company. In business, usually you never accept the first offer.
I'm doing my DD in order to see if we can balance that deal on the upside for us. It's clear to me now, and I think that we got agreement on this bullboard as well, that Goldboro looks more promising then Goliath. I'm now digging about the financial positions for both companies. NEXG wants you to believe that the SGNL debt is EVERYTHING. But NEXG has also some financial challenges and having SGNL joining them to help in restructuring their debt also is a key for them. It is worth looking at their financial situation also.
I'll publish my findings when it's completed.