FNRG poised for monstrous movement after confirming sale of Transpacific Energy, Inc. Now many are wondering if $8 is around the bend.
As previously stated, Spinco shares will cost. I expected 10 PZG for 1 Spinco but it's 20:1. The method of operation by PZG was to buy property with shares. 167 mil/20 leaves 8 mil shares outstanding. I'm out at that point. Share value not likely to be higher. than original issue for some time to come. Good luck to those that stay with it.
hey -jack your getting alot of company for your shares ,your major backer and his finance company want coeur shares because they are cheap-thats the deal and you get to keep sleeper-chris crupi resigned as ceo of spinnoff-but held his parmount position
I got a phone call and an e-mail from PZG yesterday urging me to vote before the April 17 special meeting. They sent a complete copy of the entire merger agreement that would probably take a team of lawyers to decipher but the main jist of it appears to be that current PZG shareholders will receive .2016 shares of CDE stock for each share of PZG and also 95.1% of spinco. Are you guys voting for or against the merger? Also, there was no indication as to when the merger will take place.
AAWC tipped for greatness but is $1.50 by the end of June 2015 realistic. The upside potential now gives it a good chance…