What do you think about the GG stockholders bitching about being screwed? That attitude, if it becomes prevalent, could nix the deal. Their posted comments, on Yahoo for example, seem as masochistic as they are puerile. As stockholders, if they are typical, they could be detrimental to a timely combined efforts.
Just look at how they have driven down their stock price. It seems to me, that the former CEO of GG who is voicing his loud objections, is motivated by immediate self interest or "an attitude" because he's no longer in the CEO's slot and calling the shots. Now he is blaming others since he didn't sell earlier I guess. He did loose a bit, I must admit.
I hold both GG and GLG at this time; and personally I would think this should be a win-win situation for everyone. Sure I wish I'd converted the GG to GLG but that's the way the ball bounces.
GG’s seated CEO has made a fantastic play if it can only materialize. A combined company would be right up there with the biggest and the best. Greed is quite destructive and a poor stock partner. :^)
But alas, the window of opportunity (before gold takes off) is closing very, very rapidly. Could end up with a GG nixing the deal and Newmont buying GLG instead. I’m beginning to think we might be better off without GG.
I must think long and hard about my GG holdings.
Your thinking would be appreciated. |
