I disagree. Read some of the analysis coming out now, all saying the GF current offer undervalues Gold Road. And even without the benefit of these reports commonsense suggests the offer is low. No company in its right mind offers a full, generous price in its opening bid….if it did, it would have no room to move. And your statement that GF knows the true value of Gruyère is the key to understanding why GF is indeed making an attempt at a TO…Its because they’re very aware of the likely future expansion of underground mining there…the mine has untapped potential, and they’ll reap the fat benefits of this once they’ve secured it 100% under their belt. Think about the acquirer’s motives, don’t let yourself get diddled.
GOR Price at posting:
$2.79 Sentiment: Hold Disclosure: Held
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