Gold Canyon Resources Inc V.GCU

BNN Interview with Keith Neumeyer, Sep 8, 2015

[SilverMount]

Great interview! Here is the link:
https://www.bnn.ca/Video/player.aspx?vid=699085

[tannin]

where Neumeyer boasts, in understandable English, how FF is getting very much more value than it's offering in GCU/FF swap...that's what 'very accretive' to FF means.wake up everyone

[Iskyhigh]

After that interview, I can see why the shareprice went down. This transaction may be highly acretive to FF shareholders, but I seriously doubt the next one will be. Hopefully the deal gets rejected.

[SilverMount]

According to the FF offer, the transaction implies a value of 35 cents per Gold Canyon share. This means that at 24 cents, there is still a great opportunity to buy more GCU shares before the acquisition takes place in November, in order to maximize the number of FF shares held in exchange. This is what many FF shareholders are doing right now. If the offer is rejected, then better short sell GCU

[tannin]

Silvermount.....how do you know what 'many FF shareholders are doing right now' ? Of course, you don't, neither do I. GCU ok without FF- $$ in treasury ..2nd offer?..AU price ok..sp will hold imo

[SilverMount]

FF shareholders and their pals are buying GCU shares because they have said so on the FF board. If the offer is 35 cents, and GCU is half the price, what would you do?  And why would the GCU board recommend the offer to its shareholders? Do you know better than them??? As for a 2nd offer, not sure it will happen, even the mining giants are cutting jobs to reign in costs, check it out on BNN

[tannin]

"This transaction puts our Springpole gold deposit in the position of forming the foundation for this new, consolidated gold company " Akiko quote -  which is why GCU deserves much higher % of FF.

[20/20/12]

silver baby All I wanna know is - are they payin you in shares of GCU or FF'd LOL