Post by
Haiduk on Jul 02, 2014 11:06am
$10(+) ?
There are no logical reasons to reach $10…
Except if another suitor is coming into the game, a trader mistake, a short covering…
Wait and see (watching price and volume).
Comment by
circles on Jul 02, 2014 11:16am
I agree.....hoping its not a trader mistake!!!! come on suitors
Comment by
mangkang on Jul 02, 2014 1:05pm
Might be tied to First Quantum share price increase.
Comment by
Haiduk on Jul 02, 2014 1:28pm
That’s a very good point mangkang and this is a logical explanation (I forgot about those alternatives options): Option 1 : $5.00 in cash and 0.2174 of a First Quantum common share ($23.5 as reference) = $10.11 / LCC share Option 2 : 0.4348 of a First Quantum common share and $0.01 in cash (under conditions) = $10.23 / LCC share Option 3 : Cash (under conditions) = $10.00 / LCC share
Comment by
yopeace12 on Jul 02, 2014 4:15pm
clearly the First Quantum share price. It is still trading slightly more than a $.20 discount. How much warning will they give us befire the deal actually closes? a day, a week?