Anyone besides me sitting on shares of MFN contemplating what to
do by Friday's deadline regarding three options to tender
shares??
I'm skeptical of option 3 (the "all cash offer" of $15.582
U.S.D. subject to proration and allocation by the company) since
its well above today's close at $14.05/share. Don't quite
know the ramifications of "subject to proration and allocation, but
it doesn't feel good. Should have cashed out two weeks ago
but didn't. Option 2 (higher % of PAAS) is also subject to
"proration and allocation", which to me means by default option 1
(guaranty of .55 shares of PAAS + $1.837 U.S.D.) is probably the
best move at this point in time since its assured (assuming
shareholders approve the deal).
Or, I suppose I can sell into the market in the next day or two,
as the stock looks poised to bounce - it sits just above its 200
day moving avg and its rising 50 day moving average.
What to do with Minefinders (MFN) stock
Posted by RichieD on 13th of Mar 2012 at 07:03 pm
Anyone besides me sitting on shares of MFN contemplating what to do by Friday's deadline regarding three options to tender shares??
I'm skeptical of option 3 (the "all cash offer" of $15.582 U.S.D. subject to proration and allocation by the company) since its well above today's close at $14.05/share. Don't quite know the ramifications of "subject to proration and allocation, but it doesn't feel good. Should have cashed out two weeks ago but didn't. Option 2 (higher % of PAAS) is also subject to "proration and allocation", which to me means by default option 1 (guaranty of .55 shares of PAAS + $1.837 U.S.D.) is probably the best move at this point in time since its assured (assuming shareholders approve the deal).
Or, I suppose I can sell into the market in the next day or two, as the stock looks poised to bounce - it sits just above its 200 day moving avg and its rising 50 day moving average.
Anyone have a better analysis?
MFN
Posted by zwyss on 14th of Mar 2012 at 03:55 am
I sold my MFN-shares but thinking of buying them back. I like PAAS, they are undervalued in my opinion. I like the silver play anyway......
So in case I get MFN below 14 $, I would go for the cash, but I wouldn't mind if I get the PAAS shares.