Funny thing is the offer is valued at 4.26 per share but Extorre closed trading at 4.27 per share. Perhaps people are thinking that there will be a superior offer forwarded and that Yamana are then going to have to better that.
Looking at the chart, even though the offer was at a 68% premium to Fridays close, Extorre was trading at the 4.26 level at the end of April, start of may. It was trading at around $10 at end of Jan and $13 last July. before the SHTF in small resource stocks that are not producing.
I know these points do not have much to do with Troy but it is interesting.
TRY Price at posting:
$4.15 Sentiment: LT Buy Disclosure: Held
