Sagres Energy Inc V.SGI

Probably yes, ppp, but impossible to tell....

[tannin]

I'm voting NO, of course. I see no trading in SGI at all on tsx-v. Bid question, HOW DO WE STOP THIS STEAL ?????????

[ppp]

Here is what traded in the last 3 months     Close Prices Last 3 Months Price/volumes not adjusted for restructures Date Ex Sym Open High Low Close

[tannin]

That's a lot of shares traded......hate to think the majority will vote 'yes'........short term gain is most likely reason for most buying......people arbitraging between the sp and the offer. No idea why there's so much air between them.....'cept maybe a healthy distrust of CYL and the value of it's shares...

[invest234]

1) feb. 23 announcement to apr. 7 shareholder of record to vote is only 1.5 months not 3 months. 2) 6 mil shares traded out of 123 mil shares outstanding is not that much, so long as the NO voters are not too lazy to vote. 3) most people who arbitrage want the trade to be completed instantly to eliminate time risk. for this case, they would have to wait months before they get their cyl shares to

[invest234]

tannin from your post on ceo board: "...or will they buckle under pressure (please write phone text them) and negotiate a better deal.There is little hope, though not none, of a bid from another miner.. " at this time we don't want a slightly better deal with cyl or to be acquired by another miner when sgi shareprice is near 52 week low. we don't want any merger at all when the

[tannin]

Invest234, I have zero faith in current sgi Board......the main pit deeps project, imo, was a ruse to exhaust our working capital, not waste it but exhaust it, and thus justify the cyl bs. Let me remind you, SGI couldn't use the main pit deeps resource anyway, because they had little room in our tailing pit, yet, they started the project in the middle of a major covid outbreak in WA, when they

[invest234]

maybe, but just giving the benefit of doubt from the other point of view, that ore from main pit deep was supposed to be high grade ore, similar to the 3 g/t underground ore, so would not fill the tailings any faster than the underground ore. most of what was dug up was waste stripping. that waste is not treated with chemicals so does not add to tailings. that waste stripping is just like dirt

[ppp]

What I don't understand is why there is selling at these prices. I understand the buyers point of veiw but the sellers reasoning makes no sense.  IMO the merger needs to happen. I would be happy at .5 of a catalyst share. I think once the smoke clears Catalyst should trade closer to 2. Problem is if it don't happen, we are still stuck with management that threw it's shareholders

[invest234]

they are not offering 0.5 cyl yet. that is still highway robbery. sgi has 3x the production of cyl, 6x the gold oz, $300 mil infrastructure which is vastly more than cyl with no mill for marymia. and now cyl don't even have 100% of marymia! even at 1 for 1, that undervalues sgi. sgi shareprice is low because of extreme fear, uncertainty, doubt right after the year of hell and fear of q4