Post by
Traylblaze on Apr 28, 2015 10:45am
10 Million Shares of Mega Precious Were Bought Yesterday
Why? Because these savvy investors know another offer is coming. The boys from the big brokerage companies are buying massive amounts of Mega Precious at or above Yamana's offer. They would only do this if they were confident they would make a nice profit.......
Comment by
Miran on Apr 28, 2015 11:06am
Actually most of the shares are being bought below the offer price from Yamana. Most trading activity was 9.5 cents. YRI is currently trading at 4.84, so if the deal was completed today it would be calculated like this: 4.84*.02092 + .001= 10.0225 CENTS. So even buying @ 9.5 CENTS is a STEAL as long as YRI stays above $4.49.