Genesis Metals Corp GGISF

RE:RE:buyout

[gemsearcher2]

fwiw-the chances of GIS ever getting above the 0.161 share price agreement that was made in the deal are slim to none between now and the finalizing date.
Best thing to hope for now to get your money back is that the shareprice of SUP goes up from 0.70 between now and then and if you hold until the deal closes in july you will have gained.
From the chart is shows that SUP had a low of 0.54 and a high of 1.38 in the past year so to get back a 0.22 shareprice of GIS (if that was the original purchase price), then the SUP sp will have to reach 0.96 (when using the 0.2304 conversion rate) and that shouln't be too hard to do really being as they now have even more resources then previously but probably a 2.5-3 month waiting period.
The SUP closing sp on transaction date was 0.70 and GIS slosing sp was 0.11 so to get to the agreed price at transaction valuation of 0.161 cts/share, GIS has that as a given at this time and will remain that way until the deal close regardless of what SUP does between now and closing date.
However if SUP gains from 0.70 you will also gain if you hold.

For me i am down as i bought too high a year ago last march but not very much and the 0.161 puts it easily within reach to recover the loss so will probably hold for the initial break even price at least and then will see after that.

GIS was not doing much of anything since that last attempt toprove up Chevrier .. they spent a lot of money drilling with not much success although there still remains a high probability of finding more gold there imo.
For me i wish they would have dealt off Chevrier and kept the October Gold project and kept GIS together as a company.
However, that is obviously a moot point as the powers that be just decided to throw it all away.

Hope all can at least get their money back thru SUP at some point (if they choose to hold on)
glta,
gs2