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Bullboard - Stock Discussion Forum Prodigy Gold Inc KXLAF

GREY:KXLAF - Post Discussion

Prodigy Gold Inc > Deadline
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Post by stocksalot on Oct 16, 2012 5:07pm

Deadline

What is the deadline for another offer to come in.Thx in advance.
Comment by PAir on Oct 17, 2012 7:57am
I don't think there were any dates put forth about limiting counter offers. In the Conf call they mentioned that they wanted to close this by early Dec and so documentation would have to go out in early November.  IMO the longer we go without a counter offer the probabilities of the current offer going through go up exponentially, if we consider the following:  66% of votes would ...more  
Comment by muffin17 on Oct 18, 2012 9:31am
I have one comment to make about your thesis you putline below.  AR does not have sufficient cash in the bank to have bought lets say 100m shares off the open market.  They are offering 0,1 AR share for each PDG share because they don't have the cash. Sorry but the comments you posted do not hold water.    Most likely Argonaut or agents for AR have bought most of the shares ...more  
Comment by PAir on Oct 18, 2012 11:14am
AR would not be buying themselves. Any agents, banks etc who advised/arranged the deal could see it through by buying shares with little risk, as the deal will go through if no counter offer comes or at worst they do get a counter offer and get more money if they had not managed to secure enough shares to block such an offer.    Those who advised and arranged the deal will get their ...more  
Comment by stocksalot on Oct 18, 2012 11:49am
I am surprised Richmont hasn't stepped up .Carmel says at the Denver Gold Show they are looking to aquire and have talked to several companies .I wonder if Prodigy was one.
Comment by BrahmaViddo on Oct 18, 2012 1:48pm
Richmont has done their own DD over the years when Golden Goose was operator (SP of 0.40).. not sure how they missed 6 million ounces, 500 metres from their own mill..... I bet they are kicking themselves in the a $ s..
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