Post by
Risktaker7 on Feb 08, 2016 7:52am
Hoping for second bid but
The termination fee will be hard to choke down at 57 million for any company to make a better offer but who knows who will step up to the plate-Gold corp or Franco.
A paper deal isnt too bad because it gives you alot of time to dump your shares if Tahoe shares drop below $11.66 or if you think gold proces will drop. I dont think Tahoe shares will increase much due to more share dilution for current THO shareholders but who knows.
RISK
Comment by
Basswood on Feb 08, 2016 8:07am
X2! Someone step up to the plate!
Comment by
Odinson on Feb 08, 2016 8:11am
Anything less than $4.00 is just wrong. I, too, hope somebody else steps up.
Comment by
Risktaker7 on Feb 08, 2016 8:12am
I mention Franco Nevada as a possible 2nd bidder only because they already have a "interest" in Lakeshore owning about 10 million shares if they still have the shares. I am only speculating who would be interested with deep pockets. RISK