Merger DD : Remember When ANX Bought Orex?The deal at that time (
March 2017) was that Orex shareholders would get 0.85 ANX share for each Orex share. The offer at that time was about $15M in value, when the
resource for Goldboro was 831k ounces and
gold was US$1250.
Do you think that getting now about only $20M after 7 years, with more than 3 times the resource and twice the gold price is a fair offer?
I do not think so.