Post by
farmboy75 on Feb 04, 2016 10:57pm
RE:RE:RE: Here is some newsW
While I realize 8 for 1 deal with THO is only speculation, that deal wont fly, as with THO currently trading at 11.80 this would give us less than 1.50 per share of LSG. We are almost there now. Where is the premium? The way gold has been rising and with many more drill results to be reported ,we shall hit 1.50 soon ,I would think. Perhaps some of the other big boys who have been watching our progress may step in and up the ante. All those in favour of a bidding war please raise your hands.
Comment by
mycashsgoesohno on Feb 04, 2016 11:09pm
LSG THO and MyCash know its true!
Comment by
BrahmaViddo on Feb 04, 2016 11:37pm
It's also true that your cash goes bye bye a lot. Companies are being acquired for about a 40 to 50% premium on their 20 day weighted average share price. So that puts lsg at about 1.80 a share at best for a take out (valued at $833M deal). So you would need a 6 to 1 offer. Your lack of credibility shines bright. Nobody is going to pay that for a company with pity reserves.