Post by
northernwinds on Aug 23, 2010 10:35am
Take over
I just went though this with canadian royalties, a nickel mine purchased by Jin Jilien, a Chinese company, with the support of Gold Brook mines. The buy out was initialy for .60 cents a share, consensus was that it was not enough and the share holders settled for .80 a share. Not the price that share holders were anticipating but considering the down turn was in full throttle; acceptable. Goldbrook holds 25% Jin Jilien holds 75% with the chinese providing financing for production. I guess ultimately it largely depends on negotiations. Does this company have a shareholders rights clause?