Goldcorp has a responsibilty to maximise its shareholders wealth to this end you would expect goldcorp to put several propositions to the cjo board 1, buy our position in mine completely (show us the money )
2, Swap its position for equity in CJO Much more likely as goldcorp has minor equity positions in many companies
3,if it just accepts the contract as it stands and states its not going ahead it is honoring the contract but could lose the ability to be a player of influence lets hope it is a ethical company
One would expect there would be some robust discussions happening at the moment Please do not rely on this info do your own research
CJO Price at posting:
10.0¢ Sentiment: None Disclosure: Held
