Duluth Metals Ltd DULMF

If i keep my shares

[juansito]

At one point they should pay me 0,45?

[oceaneleven]

yes...45 cent is the buy-out price for investor's shares...........worse case scenario....also, it is awkard that the sp has yet to reach 45 cents..........and also akward that the sp fell to a low of 6 cents last Friday.........

[juansito]

So why someone is saling for less?

[estebancaballo]

Awkward ain't the word, O. But you and I both know that the long time shareholders just got awkwarded big time.....Anto played DM like a fiddle. All IMHO. Do you think the sp will go up to .45?

[oceaneleven]

yes I do....I think it will go higher then the 45 cent sp set by Anto.....96 million on the table for such a resource is just to cheap...It has been rumoured that Glencore & RIO are on the hunt for new deposits....any cash rich company looking for assets could make an offer now that the price has been set....maybe the 230 million that Duluth could have bought back project at was too expensive.

[ramblersrest]

The release said BINDING agreement , therefore, it can't be bought by another party at a higher price ...SP should get higher to almost .45 as closing date is reached .....The big premium secured the binding agreement cementing a steal of the assets and no bidding war ....However, good to great for many ....even good news for underwater long term holders compared to SP last week which was

[estebancaballo]

My understanding is that any agreement can be topped by another bidder....anyone out there who knows if this is correct? All imho.

[oceaneleven]

it's a friendly take-over offer......... The Acquisition Agreement contains customary deal support provisions, including non-solicitation, superior proposal and right-to-match provisions in favour of Antofagasta and the payment to Antofagasta of a termination fee of CDN$3.5 million if the acquisition is not completed in certain specified circumstances.  

[ramblersrest]

P.S. Release does say right to match a superior proposal ......so gamblers could take SP higher ... who knows