If I have previously decided you're opinion is worthless to me, and told you that I was putting you on ignore, ...well....that's precisely what I did. Others may not tell the truth about that, but I do. And, being the relative genius I must be, I comprehend what the word "ignore" means.....which is why I take advantage of the service.
So whatever such a person says in future is not being read by me. Ever.
All that happens is your silly name shows up as a ghost-like image in the thread, and I get a tiny chuckle out of your stupidity.
I'm not quite sure why this syndicate was so eager to price a bought deal at $59.75...seems to me to be to be pretty rich.
But if these banks are/were bullish in gold prices, and see such a debt-free, well-managed company as a good risk, and look at this as a bit of required nose-holding to strengthen their ongoing client relationship, then it makes sense.
From FNV's perspective, I think they'd have made the market (and me!) a lot more accepting with a simultaneous announcement of a material-sized transaction that would justify why they're raising so much money. I'm sure the bank's trading desks would have preferred that too, given how hard they now have to work propping up the stock and getting the shares taken up.
As for the 'chicken littles'.....you're posts are a complete joke. Go embarrass yourselves somewhere else..
There was no Repsol buyout. Several accountable, credible sources opined that a Repsol buyout was very unlikely.
There were discussions with Repsol over something. That's it.
I presume you'll be buying when FNV goes down to the $35 you've been waiting for...right?!
Those banks that just sopped up all those shares at $60 didn't have any idea what they were doing....that's why banks NEVER make any money.
"Overvalued" companies don't get the luxury of doing such deals.
owned Enron. Almost all of the biggest, bluest-chip of them, in fact.
They were all quite chuffed about being part of the herd they were all in.
For those with any market interest outside this ridiculous situation....
Carl Icahn's recent "win" in getting Family Dollar bundled up and sold off may have not been such a big "win" after all.
The acquirer, Dollar Tree, has stated it intended to bid for Family Dollar long before Icahn got involved, and another potential, unidentified bidder in that industry says that as soon as Icahn disclosed his position in the stock, they decided they weren't interested in any transaction because of that fact. IE: they didn't want to deal with him and his buffoonery.
So a deal was in the works anyway, and his involvement prevented any possibility of a bidding war, effectively kept the takeover price for Family Dollar from going higher than it might have. Pat yourself on the back, Carl!
BTW ---- Global energy companies are even more averse to dealing with circus clowns than dollar stores are, FWIW....
Well, my doubts about the accuracy of the upcoming estimate of the Canadian wheat crop next week seem quite justified. Not only did they completely blow last year's crop estimate, it turns out they can't even count something as simple as the number of net jobs created in one month.
......or they can do so perfectly well, but their political taskmasters didn't like their first answer and said 'try again'.
There's no economy as robust and easy to manage as one controlled by the government. Just ask Stalin.