QMX Gold Corporation V.QMX

the important clause

[Singoa58]

The Agreement provides for, among other things, non-solicitation covenants, with “fiduciary out” provisions that allow QMX to consider and accept a superior proposal, subject to a “right to match period” in favour of Eldorado. The Agreement also provides for a termination fee of C$6.6 million to be paid by QMX to Eldorado if the Agreement is terminated in certain specified circumstances.

[huesos]

What is the chance of a better offer?

[chadio]

.....I am guessing that O3 Mining will make an offer......they have been reorganizing their portfolio of properties.....they beat out Agnico for the bordering property a couple of years ago......they have first dibs on the QMX mill.....probably easy access to cash too.......just my guess, or maybe Agnico-Eagle might surprise and swoop in.....  .50 -.60 would be nice.....just guessing

[huesos]

Thanks for the reply. I intend to hold shares as the possibility of a better offer looks decent.

[freemax1]

Chadio  You'r right on it !! I can,t imagine AEM or  03 mining letting eld take it for a POOR 0.30  QMX ! it,s an over 20 million onces discovery one of the BIGGEST in CANADA . TIME for the Qubec CO,s to dont let it GO . for peanuts I will vote against the ELD offer !!! if we can stay UNITED we will WIN HOLD ONTO YOU SHARES

[Singoa58]

only 20 million oz?  thought it was 43 million hmmmm