First the fantasy, second the reality.
I hope this one gets deep into the nettles, with both sides getting bitter and twisted, digging dirt up about all companies involved:
- Guyana Goldfields (GUY.to)
- Silvercorp (SVM)
- Gran Colombia Gold (GCM.to)
- Goldmining (GOLD.to)
There are no good guys, they are all scumbags, so c’mon all of you! We out here in the peanut gallery want this! Bring it on and get those skeletons out of each others’ cupboards. Your humble scribe rubs his well scrubbed hands in glee and anticipation.
TORONTO, May 13, 2020 /CNW/ – Guyana Goldfields Inc. (TSX: GUY)
(“Guyana Goldfields” or the “Company”) today announced that its board
of directors (the “Board”), after careful consideration and consultation
with its financial and legal advisors, has unanimously determined to
reject the unsolicited proposal announced by Gran Colombia Gold Corp.
(“Gran Colombia”) (TSX: GCM) on May 11, 2020
to acquire all of the issued and outstanding common shares of the
Company for consideration consisting entirely of Gran Colombia shares
(the “Gran Colombia Proposal”). The Board reaffirms its unanimous
support for the transaction previously entered into with Silvercorp
Metals Inc. (“Silvercorp”) (TSX/NYSE American: SVM) and announced on April 27, 2020 (the “Silvercorp Transaction”).
The Board has determined that the Gran Colombia Proposal is not in the best interests of the Company or its shareholders since (continues here)
In other words, GCM is just going to melt away and this M&A process is now over and fool if you bought the stock this week thinking otherwise, because there’s no way Frank Giustra, Serafino Iacono, Frank Holmes or anyone else at the centre of this most fetidly corrupt gold company would ever want a forensic sniffing round its books. They wouldn’t want the rollbacks spotlighted, they wouldn’t want all those Panamanian “service companies” investigated (esp post-Panama Papers), they would not want their awful environmental history as a company brought to light. And that’s just for starters.