Post by
Wheeler on Jul 20, 2021 9:47am
ML
So Ganfeng is going to buy ML for 3.60 a share after ML raised 35m at 4.00 a share just a few months ago and hit a high of 5.25, sounds like a very disappointing deal. Ganfeng is a very aggressive company and has no doubt made offers to CRE, I wonder what those offers looked like. I get the impression that CRE management would never screw over shareholders like this. That is why everything takes so long with this company, they are holding out for the very best they can get. jmho
Comment by
Wheeler on Jul 20, 2021 10:10am
Cormark did buy in just the other day, looks like they're selling at a loss, not smart money, I worry too that CRE will hold out too long, there are lots of juniors out there and ML demonstrates that they are for sale.