Hi Everyone,
If I recall correctly CSG BOD negotiated a sweet-ass kicker on the M&A. Should gold continue its rally beyond $1100, $1150, $1200, or even $1225 before the year ends - we could be looking at potential cash buy-out of $1.50! wooo-hooo!
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"Argonaut willoffer to acquire, by way of a take-over bid, all of the issued and outstandingCommon Shares at a price of C$1.25 per fully diluted share, subject to anincrease in such price by C$0.01 for every 1% increase in the price of goldcalculated from a starting gold price of US$1,050 to the 5 day average LondonGold Fix (PM) price for December 18, 21, 22, 23 and 24, 2009, provided that themaximum final Offer price shall not exceed C$1.50 per Common Share."
........and if calculate it with today's AU price of $1065 per oz - that would equal a buy-out price of $1.26 per/share or a .17 cent premium to today's closing price!!
See you all at the finish line!
