Something has been bothering me all day long here. The bid is for 0.317 K shares for every ARU share and a worthless warrant. Let's examine a couple things here.
!. ARU price driven back down to lows seen only post Apr 18 and into May. Looks good in the press to say 63% premium.
2. Kinross only hit its 52wk high a few days ago, and has sunk since then. Odd how they rose and we tanked
3. Wording of this deal leaves me quite concerned.
4. 0.317 today values us at a takeover price of less than 900M.
I am no financial whiz, but there are far too many holes and far too many people telling me this is good for me.
I never trust anyone who tells me they know what i s best for me. Today is no exception, someone is stealing and they are working hard to cover something up