Announced after the close. $150.8M CDN for 8.2M trust units. $18.40/unit CDN ~ $13.80 US. Closes 3/23. Canadians only.
please explain. will we be crushed on the opening? what are we looking at; 13.30-13.50? I can't take too much more pain.
Underwriters generally provide support to the offering price, so a major diversion either way from $13.83 seems unlikely. Keep in mind also that secondaries for CanRoys, used to acquire new fields, are fairly quickly accretive to earnings.
Could be time to pick up more shares on the dip. Im looking at $13.80 or lower.Any suggestions Cap??
If you don't have a full portfolio position, now may be as good a time as any.