Sagres Energy Inc V.SGI

Since the .357/1 deal (steal) was announced:

[PulpCutter]

1) Gold is up A$500/oz making Plutonic a much-stronger business

2) SGI was awarded 40% of the Marymia tenements that CYL bought Vango to acquire, and

3) CYL's Henty turned out to be an utter clusterf...

 

Yet the deal hasn't been changed.  I'm not for it anyway; but - seriously - the above does not call for a re-rate?  

LMAO

[ppp]

Add to that CYL share price is in the tank. Worth 75 cents Canadian. Makes the offer worth 21 cents. The biggest joke of all.

[invest234]

"Immediate upfront premium of 62% to the closing price of Superior on the TSXV as of February 22, 2023 and a premium of 52% to the 20-day VWAP" they have the gall to still say it is a 62% premium as if shareholders are blind, and they conveniently omitted this time that sgi shareholders would get less than 22% of the company after cyl dilutive financing to pay for vango debts and

[PulpCutter]

27 cents.  Agree that it's a joke, though. Further, I see no downside to a 'no' vote.  Even in the case of bankruptcy - which I consider unlikely at A$3000/oz gold - SGI is worth more in pieces than it's market cap. E.g., the refurbished/new mining fleet is worth A$50 million alone (according to CYL), is obviously transportable, and is quite salable in the current

[invest234]

the original buyout price was supposed to be cad$0.44 which they conveniently omitted as well. that is with overvalued cyl and overvalued vango shares buying extreme undervalued sgi shares. buying with overvalued shares instead of cash always make their overvalued shares go down as we have seen. the arbitragers who intend to vote yes may be left with nothing if the merger goes through, all the