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Gold/Mining/Energy : Position Trading in Canada -- Ignore unavailable to you. Want to Upgrade?

To: the Chief who wrote (413)	1/12/1999 9:57:00 PM
From: QuietWon	Respond to of 2259

Chief, I used "daytrade" in quotes b/c it is more momentum/buyout play vs a daytrade - apologize - I noticed the thread name just as was about to post and did not change my wording. Rumour about lowball "offer" - again I think they way it likely happened was this - well, we're prepared to offer something like x$ and MSH likely said it would have to be $y (=$x + something) and we want to do some due dilgence on you if you want us to take your stock. The $x and $y likely occured informally and a formal offer would come later at which time mgmt would take it to its shareholders Remember a big block (25%) is held by a fund, Chairman owns over 10%, a few other directors / insiders together total over 20% (exact #s aren;t on my head anymore - too many other things) , so if mgmt is checking it out and saying $y instead of $x (I consider x and offer, though one leading to a process taking longer as y was answer) and they own over 50%, they have to be happy and if on board, the majority is at least on board, and by the way when an acquirer knows a higher % is on board there is less risk to a deal falling through. Agree?