Core Gold DMMIF

I wonder what

[robnhood]

kind of reverse split they have in mind?

 anything I can think of borders on silly.

[robnhood]

 I woder why there does not appear to be any arbitrage going on at all.  Does no one think this deal will actually go through?

[Teetotal]

Because nobody except the boy wonders who cooked this up thinks its edible. It's a dish most foul. The acquired falls about in a haze after being coshed and the acquirer doesn't quite believe it either.

[whiteirish]

Hey teetotal : Are you also that merlin guy ? You have the same constipated prose style. GLTA

[robnhood]

I see that you can't answer my questions shakespeare.

[Bailey3]

It's a reverse arbitrage, lol. The deal is only worth probably 20 cents to shareholders of Coregold, instead of .45. The market is certainly pricing the deal at low 20's anyway. 

[robnhood]

Yeah, If you own one million TTM why not sell it and buy CGLD with the proceeds  Seems that woiuld be almost guaranteed money in your pocket.  Plus it might push CGLD shasres back up.

[robnhood]

TTM is still trading in the .024 to .026 range on the ASX.  20 for 1 gives around .40 cents per share equvalent.  Certainbly no shortage of TTM shares in the world.  Our market is putting a low valuation on it because the deal stinks from our perspective but the actual  price difference is juicy if you are a TTM shareholder.

[Teetotal]

Thanks Robin for the compliment. There is plenty of information coming in. We are getting plenty of info. There is no shortage.  We are dealing with yahoos. Tad and Ronnie have given us plenty of actual facts. There is no debate here. TTN has nothing but is offering tons of paper for great assets in Ecuador. Now why would anybody accept that unless you are a rogue trying to trick Core