I read the circular and Luxor brought many good point. Dilution might be possible.
However, Chantal, knows that situation and I would not be surprised if the company is trying to get a serious offer from a gold miner not a HEDGE fund that pretend to have experience with junior miner… Sound like the Wall Street Movie.
I’m confident that the deal with not happen… As mentioned in the circular, they might sell all their shares that will bring us to $0.35.
If Luxor get control, the stock will not be tradable (low volume) and SP will go also down. Then Luxor might buy all the shares.
Best strategy… Wait till January 30th to see if there’s another offer coming. February 1st, stock will drop 30%...