Post by
7Twiggy on Mar 11, 2016 10:39am
Give it a month
Time to realize that this deal was not put together by a bunch of dummies. I am sure they have done the analysis re who holds what amount of shares to ensure the deal goes forward. Both sides had to have recognized the long term value of the deal. I don't like the drop in SOO, but have been invested long enough to know it will be short term. If you are confident in your peers doubling sell SSO and CRJ and invest in them. A lot of gold stocks have had great moves and I think may be due for a small correction before moving up. IMO the knee jerk drop has made both SOO and CRJ a great buy and I have been adding CRJ as I it continues to be a better deal when translated in to .185 SSO shares.
Comment by
bodiggity on Mar 11, 2016 1:15pm
I listened as well and agree completely, A bidding war would have had CRJ go substantially higher. This was great work by the management team of SSO. First of many previous metal buy outs in this sector.