I agree that the underwriters will probably do just fine out of this, the price of AZX and GGG is imo way below the real value that BBling is offering and I really hope all AZX holders take up their RI allocation. It’s no secret I don’t have a high opinion of the AZX BOD and that I also don’t think they have had the interests of their SH’s in mind this year.
That said the SP is what it is, and I’d say AZX are looking a great buy atm. BBling is a great asset and all the indications are it will get even better. Corporate activity will sort itself out in a few months and BBG will be sufficiently funded with a new focus BOD. I also think BBG will be taken over in 2012 sometime after we get a reserve of 1million+ oz. Keep the faith, fundamentals always win out in the end and POG is starting to move again.
AZX Price at posting:
26.3¢ Sentiment: LT Buy Disclosure: Not Held
