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17:01
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Originally posted by mergernotaTO:
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There is lots of things written in some of the previous posts on the pros and cons of a yes or no vote. If you're asking my opinion, I personally think that we're better of voting no so that BoD can renegotiate a better deal more in line with current gold prices. The current 1/3.43 was based on POG being at $3000 or so and the POG is now $3500. When gold prices rise, Red has hedges and does not benefit nearly as much as SLR from those rises. So around current value deal would actually be 1/4 instead of 1/3.43. Either way I would not sell, as whether it goes through or not or if we get 1/4 instead of 1/3.43 it's still a good stock to hold with POG stabilizing at around $3500 with the potential to run more. 1/3.43 reasonable deal 1/4 good deal 1/5 fair deal, that's my personal opinion on the ratios. If you have a large holding, go through some of the previous posts there's information on both sides. I went from pushing a yes vote to pushing a no vote to now wanting a no vote so that I can vote yes after SLR renegotiates a better deal.
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many thanks. Now I understand what is going on and also understand the existence of the paper work I received which caught me out of the blue.
