In terms of a cash deal, not saying it is not possible but even at $1, which I think most investors would refuse, you are talking about almost $500M, their whole market cap worth pretty much. Now, this company is backed by some big money and they may float this to them so not impossible but not a likely scenario.

To be honest, I really do not think we will see a deal with WTG taking us over. Really, what would they offer, 4CMM shares for 1 WTG share. That would double their share float, have an implied value to CMM of $1.10 but we know we can get that valuation all by ourselves in the next few months and I do not think many of us would want their paper so that deal would fail IMO. However, even if they do make that type of deal, the value of CMM would jump to a higher level, probably between $1.00 and the offer price. Those that do not have the stomach for this will sell in the market (with a nice 50% gain), the bigger investors will probably fight this and drive the valuation higher over time.

We do have some big shareholders, including a group out of Switzerland that holds 25M shares, group from Toronto/Sudbury that holds 15M shares and a group from Calgary that hold 10M shares. Peggy is still rumored to hold/control 25M shares and pretty sure she will not fight for a decent price. Add that to us retail investors who know the value of CMM and I think any unfair offer would be soundly defeated. Honestly, I think that most people are being overly nervous here. Any offer would be at a premium to market prices and even if we do not get our full value, we certainly will not get less than our current SP.

Glorieux