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Bullboard - Stock Discussion Forum WestFire Energy Ltd T.WFE

TSX:WFE - Post Discussion

WestFire Energy Ltd > Details...........................................
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Post by bankerboy28 on Aug 09, 2012 12:05am

Details...........................................

its an all share merger..going to be called LONG RUN EXPLORATION ...they need 66 percent approval from shareholders but WFE 45% have already agreed and Guide 23% have already agreed..so its pretty much a done deal....its a reverse takeover of Guide by Westfire...Guide shareholders get .4167 WFE share for each Guide share they own....based on todays pricing of WFE $4.65 times .4167 thats about $1.94 share price for Guide but it closed at $2.08 today...but is sure ran up big time the last few weeks....somebody was in the know...what a loss...this WFE gem was completely stolen...I would rather have just held on the WFE and see where it would have grown to in a year or two...too bad so sad...BB28
Comment by aaaaaargh on Aug 09, 2012 12:30am
  I don't view it as a done deal yet.   After this quarters results, they may have serious opposition to this deal, and they may also garner another offer from another company (which Guide can match, but will still increase WFE value).     I think it stinks.   It looks like guide is heavy into nat gas which we all know is a dog....  I wonder if ...more  
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