>>Here is how it looked to a VIRGINIA shareholder. GOLDCORP was selling at C33.51 on March 31, 2006, when the deal closed. For one VIRGINIA share, you received GOLDCORP stock was worth c$13.40 plus a half share in the new VIRGINIA.

Right before the new shares were issued, VIRGINIA was trading at c$15.75. I think mine cost me $6.00.

The new stock without Eleonore began trading April 5, 2006 at c$4.10 and hung around in the low c$4.00s, upper c$3.00s for a while. It is now closing in on C$7.00.<<

This doesn't sound like such a good deal. One old Virginia share (15.75) became 0.4 Goldcorp shares (13.40) plus 1/2 new Virginia (2.05), plus a royalty on the Eleonore mine. So 15.75 becomes 15.45 plus the royalty. Thus the money part is about breakeven (actually a little loss). So you have given away Eleonore in return for a royalty and Goldcorp doing the mining. It better be a good royalty. I would rather have kept the rights to Eleonore and kept stock in the old Virginia, which presumably would have had more upside than Goldcorp. Is there something I'm missing here?