Really? GOR are a 1.2 billion Market Cap company. That is a huge amount of value to add to double. And probably only in your dreams to get the 10 bag most people are dreaming for.
DGO is a relative minnow, it can increase 5x before it even gets to the size of GOR, which is much more conceivable IMO.
Of all the arguments out there to support this attempted takeover, an increased scope for multibagging is one of the weakest IMO.
It is not really the issue anyway, the point is, we have a highly desirable asset, why isn't GOR willing to offer substantially above market price? If they had offered 3 shares, this would be done and dusted IMO, rather than being dragged out.
You simply have to make it worth all DGO holders while to give up their crown jewel asset. If DGO holders wanted to sell at market price, they could do so today, not go through a takeover.
DGO Price at posting:
$3.02 Sentiment: Hold Disclosure: Held
