Post by
gnote1 on Apr 13, 2018 11:41am
ALO = 2.62 cdn.
Today RPM @ 1.18 is a bargin.
ALO @ 2.62 today x .48, gives RPM a value before the business combination of $1.26 cdn.
Not a bad idea to purchase rpm shares.
Comment by
templetooth2 on Apr 13, 2018 12:19pm
Ordinarily, gnote, that would be a good idea. However, in this deal you have to handicap the odds of shareholder approval. I have little doubt that RPM shareholders will approve by the required 2/3 vote. Whether the ALO holders will meet the 50% threshold is the proverbial $64,000 question. Personally, I am a small inconsequential holder of ALO and I will vote against this deal.
Comment by
gnote1 on Apr 13, 2018 12:34pm
I hear you, there are some RPM shareholders unhappy as well. But lets move on and make the best of the situation. Just saying RPM shares are undervalued today while ALO is @2.63. From ALO's last news release, "Business combination with Rye Patch Gold supported by major shareholders, on track to close May 25, 2018"
Comment by
2fast4uI on Apr 16, 2018 5:27pm
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