Wheels Group Inc GRFJF

I'm voting YES!

[Roundtrip]

With the board of New Gold including Pierre Lassonde and Ian Telfer, with investor Seymour Schulich owning 12%  of the old New Gold and a strategy to become a 1 million oz gold producer by 2012, I'm voting yes for the combined new company.  Being a share for share deal we still get to participate in the upside of the Mesquite mine in an environment of highed gold prices.  Once this deal has been completed there will be more down the road.

Don't forget the positives listed in the article previously posted:

A quick look at this merger suggests this is a marginally better deal for Western Goldfields investors for two reasons.

First, on a one for one share exchange Western Goldfields (closed at US$1.48 yesterday) receives a market-based premium (about 21%) in share price because New Gold closed at US$1.79 yesterday. That said, New Gold shares may trade down today on this news, reducing the Western Goldfields premium in the short-run.

Second, Western Goldfields projected cash cost per ounce is higher in 2009 (US$540) than New Gold at about US$475. The higher cost profile will weaken free cash flow on average for New Gold shareholders.

[prested]

You make a good point, Roundtrip. Still, I'm in the disappointed camp because I had always assumed WGI would be taken out by one of the big names.   That said, I have a deep respect for management and have to bow to their superior (to me) knowledge of the potential.  I'll tender and sell at the first opportunity to get what was my target price of $3.50. I don't think I