|
Larry you must remember, Cll directors, insiders, majority holders such as "Howe & Co." of Vancouver who over 6,500,000 shares of Cll or 43% must find this deal beneficial for themselves. A 1:1 split would not be very beneficial for large block holders such as that. In order for them to tender their shares to Anz, there has to be some sort of extra benefit returned to them...a 1:1 would not provide that..they might as well hold on to Cll, but if they were to receive some sort of premium, well that would make the deal a little more attractive. I truly believe that a 4.70 price on Cll is not unrealistic. The year high on this security is well over 5.00...someone was willing to pay that.....Now we are talking about someone (Anz) that has been to the property, did there due deligence, seen the Barrick report...received 25,000,000 in finacing.....I do think a 2:1 is very realistic...just my thoughts.... |
