RE:Just votedJohny,
court approval for plan of arrangment can be obtained in 72 hours or less. Much different systeem than ltitigation or criminal proceedings.
imho, not a chance htat GEM gave, or will give, $210 million to Cunninghsam
No reason for this not to close in the next 10 to 15 days..........UNLESS CUNNINGHSAM DOES NOT COME UP WITH THE $210 MILLION...............
johny52 wrote: My 1 million shares in favour of the buyout. What I foresee coming is approval of the vote next week then it may take some time getting court approval, given how slow the courts are. This will push the closing into early in the new year.
I can also see TUD putting out a new resource estimate early in the new year before this deal gets completed that will turn some heads. More into the resource and perhaps a significant amount of high grade into the inferred that was not part of the resource prior.
My belief is that Cunningham secured the additional money from GEM to buyout TUO.
Here is hoping they pull it off, before you open your cake hole Larry we all know the risks involved. So beat it.