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Bullboard - Stock Discussion Forum Mega Precious Metals Inc MPRXF

Metals & Mining Industrial Metals & Minerals

GREY:MPRXF - Post Discussion

Mega Precious Metals Inc > 8.8 CENT buyout Value
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Post by Miran on Jun 09, 2015 12:02pm

8.8 CENT buyout Value

Based on the trading price of YRI  the buyout is now valued @ 8.8 CENTS!!! This deal is not going to happen
Comment by hrattle on Jun 09, 2015 1:13pm
The deal is essentially done but have you thought about what happens if the deal falls through? MGP will drop to 5 cents, maybe 4 cents, and then there is the cash situation. It won't be pretty. Gold might get a boost from the Fed by delaying rate normalisation but that is coming too - you don't want to be in gold juniors if POG breaks down again.
Comment by thehammer2 on Jun 09, 2015 1:53pm
Decided to sell today and move on. GLTA. TH
Comment by Miran on Jun 11, 2015 11:39am
Sold some @ 9.5 Cents a while back but have most of my holdings. Wish I had sold more, but who knows with this market.
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