Post by
Traylblaze on May 01, 2015 12:41pm
Mega/Yamana Deal Will Be Rejected By Shareholders
MGP Mgmt only has 22% of the vote. The rest of us have 78% of the vote. Gold continues to rise. Barrick, Goldcorp and other large gold companies recognize this as a lowball offer. They won't let this tremendous asset go for pennies. There will be other offers.....
Comment by
PowerPlay47 on May 01, 2015 12:49pm
Dont get me wrong, I want to see a higher price. But do you not think management has some other significant in their back pocket. Let alone YRI on the bid, gobbling everying and saving 10% in the process. Its not a hostile bid. Corrupt and maybe worth a shareholder law suit but management and YRI are now bed fellows.
Comment by
Traylblaze on May 01, 2015 12:55pm
MGP MGMT had $2.5 million left in cash. Yamana OFFERED .10 cents a share. They had no choice at that time but to accept it. Again, our gold reserves are worth $6 BILLION. There is no way other large gold companies are going to let this asset in Canada ( very safe jurisdiction) with super low utility rates go for $17 Million.
Comment by
Jer0n on May 01, 2015 12:57pm
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