RE:RE:RE:RE:Merger DD : Remember When ANX Bought Orex?
GrumpyInvestor wrote: DoumDiDoum,
I would remind you that FAIR market value is defined as the maximum price you can obtain in an open market without any restrictions. Not what you FEEL it should be worth. Right now, everything surrounding small non producing miners is absolutely awful. There is very little interest from investors, finance companies or royalty buyers because there is very little probability of succeeding in building a mine.
SGNL has been soliciting any and all types of offers SINCE MARCH. So, you should not expect to get a better offer from some other entity that has not shown interest until now. Unfortunately, you must trust management when they assess that the best available offer was the one that they forged with NEXG. The current deal has obviously been NEGOCIATED at length between both companies, as I’m pretty sure it was not the first offer presented by NEXG. They also got Nebari involved along with some deep pocket investors for the financings of both companies.
I feel you lose a bit of credibility as you have stated before that you feel the people involved from BMO Capital Markets probably don’t know much about the valuation of mining assets, but then you insist that YOU know what SGNL shares should be worth and that all the mining engineers, CPAs, advisors and other experts involved got it all wrong.
Amen:
"I feel you lose a bit of credibility as you have stated before that you feel the people involved from BMO Capital Markets probably don’t know much about the valuation of mining assets, but then you insist that YOU know what SGNL shares should be worth and that all the mining engineers, CPAs, advisors and other experts involved got it all wrong." Narcissist and stubborn, excatly what DDD has been since he came on ANX board (probably was on OX board too!!), "always been right" attitude but in reality, the complete opposite!!...
Serioulsy, when a Company goes out there, stating publicly that they are for sale, most of the time it's not a good sign, mostly a really bad one, and it is for SGNL, getting closer to hit a wall!! Soooo they weren't in a strong position to negociate and we can conclude the buyers weren't lining up if this was the "best" offer on the table!! What he don't get neither is that it's the not only the property who's included in this deal but the company, including huge debt so the valuation isn't based only on the Gold resources of the property but the risks related to the company survival!!
But at the end, even if some retail investors voted NO to this deal, it will go through anyway!!