Taiga Gold Corp. TGGDF

Low-Ball Takeout by SSRM

[HornbyBay]

As a Taiga shareholder since the spin-out, I feel fleeced by the SSRM takeover deal announced today.  At a minimum, I thought a takeover would be at 50 cents.  Very disappointing.

Disclosure:  I own shares of Taiga, just my opinions, not investment advice.

[colt45acp]

Agree should be turn down. jmo. Wonder what B. mORIATY thinks.

[NineLives]

30 cents would have been a much better start for negotiations !! They say it's a percentage over where TGC was trading but TGC share price was artificially held lower in my opinion. definitely not happy with that price.

[ExWelder85]

It should have been around 80 cents IMO. 26 cents isn't even year high. 

[colt45acp]

opening sp .26 eom.

[Newton1234]

Do we have comparables for higher valuation on acquisition? This is an all-cash deal... All-cash consideration of C$0.265 per Taiga Gold share represents an attractive premium of 36% to Taiga Gold's closing price on the CSE on December 1st, and a 39% premium to Taiga Gold's 20-day VWAP, solidifying value for Taiga Gold shareholders All-cash consideration of C$0.265 per Taiga Gold share

[NineLives]

Well that's kind of a mute point because TGC never ever realised it's true potential through the share price. Every time it rose past 20 cents it was knocked back down again by TD and Anonymous !! I would have happily settled for a price 40% higher than this current offer.  I do think anything over 50 cents is dreaming, probably upset a few investors here with that thought, just being

[ExWelder85]

No one here remembers the Yellowhead buyout by Taseko back in 2018? I sure do because if I had acted on my gut, I wouldn't have to work. Yellowhead mining was a stock that traded at 10 cents for a while, then was bought out in the 80 cent range.  I agree, with everyone here, share price was way undervalued compared to its potential. But that's the problem with penny stocks, lots of

[HornbyBay]

I don’t remember that deal - but big gains like that aren’t uncommon with takeovers.  Call me crazy, but a 36 percent rise from depressed levels isn’t positive for shareholders.  Why are the insiders so enthusiastic about this offer?  Is all cash so important that they are willing to accept such a low offer?  Don’t get it. Disclosure:  I own shares of Taiga, just ny

[ExWelder85]

I've held my shares since July of 20, no real gain there, should have put that money into CIBC shares. If the management teams of these companies were any good, they wouldn't be in charge of penny stocks. 

[colt45acp]

B. Moriaty posted on www.321gold about TGC. I wonder what he really thinks of the offer of .26 cents. He is not wrong it gives you a profit. He got it right, good for him. I am sure he could say more but that is up to him. If your making money it is all good. jmo. That is life, enjoy while we are still free.