Cayden Resources Inc CDKNF

any predictions on where this will trade at tomorrow ?

[goldpolka]

I was surprised to see this deal.

I guess there is little downside, but only upside if a bidding war erupts ??

(other than any negative price reaction on Agnico Eagle stock,although only 2% dilution).

Any predictions on where this will trade tomorrow ...

a) $3.34 (ie. linked to current AEM price) ...

b) a discount to $3.34

c) a premium to $3.34 ?  (betting on another bid ?)


Cast your votes !

The good news is that there is probably little downside from where CYD closed today ...



GLTA

[goldpolka]

Looks like the answer for now is a). Seems to be trading lockstep with AEM conversion ratio of 9%, based on AEM stock price (which makes sense). Arguably, CYD is now a better way for investors to play AEM, as it now affords an investor an additional upside ... if the AEM bid is trumped by someone other than AEM, then the investor will get additional upside ! Thoughts ?

[Scott6500shares]

I talked to Jay Adelaar from Cayden. He didn't say one way or the other if he expected a bid from GG but the feeling I got was he suspects there will be no bid. GG has less than 3 weeks to make an offer. They have up to this point shown NO interest in buying Las Calles or the other parts of the property. I sure hope they make an offer but I'm not getting my hopes up. This will be my final

[goldpolka]

Are you saying you are selling now ? ?(vs. waiting for the potential additional offer ?). I suppose there is risk in Gold price in short-term, and AEM being dragged down with it, but might be a good idea to wait for a bit ? Not sure ... others' thoughts ?