STX's offer to Colby was:
- 0.4586 Strike shares for every Talon share held (representing approximately 10.8% of the merged group); and
- an ownership interest in Talon’s Mongolian assets pro rata to their shareholdings in Talon
This means at STX price of $0.44, assuming you sold out, you would have received $0.20 for each Talon share plus retain the same exposure to Mongolian assets.
You obviously wouldn't need to sell STX, and if you look up it's broker targets, can work out the upside if you kept the STX share given STX has plenty cash in bank (and look at STX's return).
Question for shareholders?
Would you have liked Colby to have accepted STX's offer?
For me, it's quite astounding (and arrogant) that such an offer was not an auto yes (but at $0.22, or insert price).
Share price is at $0.18 with an imminent CR.
Very very disappointed by Colby
