klondex tries to wiggle out of the embrace of an unwelcome suitor and avoid a hostile takeover. been there, done that. the thing is, it doesn't matter what your shareholders paid for their shares, or how high the share price used to be. the stock (among others) is on the bargain counter, and silvercorp knows it:

Robert Sibthorpe, Chairman of the Special Committee, stated: “Many of our shareholders have held Klondex shares for many years and have paid substantially more for their shares than the current price. They recognize the value we have developed at Fire Creek, as well as the substantial potential that still remains in further expanding and developing the resource. We believe they have been attracted to our singular focus on Nevada gold exploration as well as our efforts to limit the risk and capital investment required to initiate our bulk sampling program. Recent shareholder conversations confirm their support for management and the Board taking sufficient time to review all possible strategic alternatives prior to choosing the best path forward.”

http://finance.yahoo.com/news/Klonde...