Post by
michaelvim on Nov 14, 2014 2:28pm
seems to me like mgm
was in the process of screwing over nordgold by dealing with aurico. selling stakes and doing a pp. Nordgold really didnt have a choice. The whole thing frankly is bizarre. Never heard of askiing a company if they could acquire it before making a formal proposal and having an agreement to that effect is even bizarre.
Comment by
Winny1 on Nov 14, 2014 2:42pm
It seems like Management is more concerned about their own interests than that of the shareholders. Which is why I said that shareholders need to speak up about what's happening right now.
Comment by
michaelvim on Nov 14, 2014 2:53pm
not sure there would be any point in speaking up. i really dont think it would have any effect whatsoever. Also, imo, their incompetence whether intentional or not has created a serious buying opportunity at this price!
Comment by
99999gold on Nov 14, 2014 4:19pm
I wonder if these guys have a poison pill in place.
Comment by
Winny1 on Nov 14, 2014 4:33pm
Well, I wonder why Carlisle and Nordgold signed a confidentiality agreement several months ago?
Comment by
99999gold on Nov 14, 2014 4:39pm
miners look at each others projects all the time so both will sign a CA and likely months ago Carlisle was scrambling to find a partner and voila Aurico to the rescue. my order got filled at 5c, its ridiculous it trades at 5c after the recent developments but I guess people are afraid to loose that 0.05c/1 penny profit.
Comment by
Winny1 on Nov 14, 2014 4:47pm
Carlisle does have a poison pill or shareholder rights plan. Just go to the November 19, 2013 news release.