Fun not to be a buzz kill but when you mentioned the 705,000 share volume for yesterday that got me thinking and I checked to see if LSBG was part of the Russell 3000 rebalancing and sure enough it was added to the index. So the odds of an imminent competing bid has been substantially lowered by the the new addition to that index. Probably explains why we saw our price spike during this week as fund managers were forced into buying LSBG....I still think that there remains a chance we could see an acquisition of BHB in the not to distant future. I maintain that there is a very real probability that LSBG (post merger) will be valued above $20 bucks, that you just might be able to "take to the bank". The combined bank will be pretty darn attractive to the folks in your post and a few others like - KEY and my odds on favorite future buyer NBTB!
That's all I have to say about that....
With the price action that took place today it seems like there is a small chance that BHB might be a target at a much higher price for the combo of both banks. Yes perhaps PBCT or CFG or TD, or who knows?
Chittenden did something similar....
Marsha only jesting with you, I fully appreciate your perspectives and thanks for your contributions to this board. It's frustrating to feel adrift for as long as we have been.
Maybe folks are actually beginning to look beyond the award and want the shares for the MONSTER potential that may exist for chump change post our award....
My take is that we essentially have a deal and it was beginning to be leaked and DB put a stop to it with the halt, the news we all have been waiting for is right around the next corner....
Buy Nov.15 calls and triple your money invested by then....
Just a matter of time before they have to settle for big bucks!
Jerry you are probably right. Also LSBG shares will track at about 50% of what ever BHB trades at. I am projecting that BHB will trade at new 52 week high within the next couple of quarters especially with improved earnings and continued lifting of the dividend. At closing with any support from modestly higher rates we could see LSBG trading between 19-20 bucks and BHB at or around 40... Time will tell.
Wish this Monday was not Memorial Day, The shares will be bid up at the open on the Toronto....The importance of this transaction to all parties for many different reasons makes this one of the most intriguing speculations.
The PR from GRZ has very bullish undertones....The speed at which gold could be poured here could just about be as soon as possible. A major will more than likely participate , so many moving parts we need a bit more time. So be it.
I look at the 34 Million raise as an ultimate plan B if the jJV does not go together. The Doug gets to talk softly yet carry a big stick!
Just read the WSJ article, and it highlights the wildwest/mafia like behavior of illegal mining that constantly goes on in VZ & Bolivia in places. There will be a heavy military zone established around any mining that the VZ-GRZ joint venture will conduct. I would imagine it will be part of the forth coming deal... it is ironic and sad that VZ is so poor and it's people suffer so much having so little , yet they have one of the richest gold deposits in the world that will hopefully provide much needed relief. There is a lot of pressure to get mining ASAP, that is key to our future "prospects".