Post by
15Stanmore on Oct 19, 2020 3:06pm
National Security Review opportunity
It appears some investors are assuming the recent announcement by the Liberal government that they will require the current Chinese CPC controlled SD Gold takeover of TMAC Resources will result in the deal expiring uncompleted on February 8, 2021. This is the last possible date for the deal to be completed before it otherwise expires at no cost to either side in the way of break penalties or fees. This would mean the Company is once again available for an interested suitor to make a bid, and if this was a domestic investor or at least a favourable nation status investor, an accepted offer by the TMAC shareholders could proceed without government interference or edict.
The price of teh shares has run up today, again assuming that an alternative deal would at least match but more likely exceed the current $1.75 offer whose days appear numbered (112 days from now to February 8 2021).
In any event, I will leave my holdings in place for now, either $1.75 by February 8 2021, or perhaps something more rewarding in the weeks afterwards - either way better than the improved $1.28 available today, IMHO.