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Nickname: gg&glg shareholder
Review: The combined synergies of the new GG will not only have low production costs in gold, but in silver, copper, and zinc. Remember that recently GG acquired Wheaton River Minerals and GLG Western Silver. These combined companies have a great resource of not only gold, but of silver, copper, zinc, and lead too. Close proximation to owned projects in Mexico alone is a biggy. I have owned shares of Wheaton River and Western Silver. I like this proposal and am going for the ride. I am patiently going to wait for the big dividends.
Date reviewed: Sep 12, 2006 8:45 PM
Nickname: Original Holder
Review: Latecomers aren't aware that GLG made an unsuccessful play for GG only a few years ago by attempting to paint GG as a "sick company." I like the turning of tables by the stronger GG and it will be favorable to patient holders. It's quite possible that GG shareholders could even get a special dividend or an increased divvy somewhere down the line with the new larger market cap and cashflow and if Gold can hold and then rebound well above the technical levels it's showing now. Also, GG shareholders will by securities law, be privvy to all the financial details of the deal once finalized. Don't like it? Sell and move on to another company that is content to rest on its laurels and be passed by! I'm for letting a savvy mining CEO grow the company in which I've invested in a faster, more cost-effective way than only "dig and haul."
Date reviewed: Sep 8, 2006 10:25 PM
Nickname: Goldbug
Review: What is the status of Goldcorp's US$.015/monthly dividend? Is the Goldcorp board of directors going to send the shareholders some hard copy information of the transaction? They should do so. How can Goldcorp shareholders determine if the transaction is a good deal? Telfer and the directors are arrogant to not allow a vote the would clear the air of much complaint and possibly avoid lawsuits in the future?
Date reviewed: Sep 8, 2006 7:22 PM
Nickname: Nins
Review: Armchair quarterbacks should remember: Ian brought significant accretion to GG through the WHT merger and has consistently stated his strategy is to grow shareholder value through buying opportunities, versus relying soley on exploration. This merger could prove lucrative in time for both companies: Gold prices are anticipated to rise again at year-end while production wanes worldwide; GG merger improves its production profile, brings value in exploration cost synergies and continues GG as the lowest cost producer. Since GG has a higher valuation (trading at 2.2 multiple v. GLG 1.5) and is using stock for the acquisition, its net asset value per share also improves. Pessimism in the market will correct sooner or later when it figures out the difference between what GG is really worth vs. how much the market is currently asking. The value for operational quality will show, offsetting the upfront premium paid. Increased market cap + operational quality = good move.
Date reviewed: Sep 8, 2006 6:34 AM
Nickname: HARDROCK
Review: I want to vote my 5,000 shares against. The CEO does not want a vote, because it would not be approved. Not democratic. Replace CEO. On vote.
Date reviewed: Sep 7, 2006 3:55 PM
Nickname: james
Review: If Telfer's so smart why didn't he buy GLG two years ago when gold was at $350 a ounce?
Date reviewed: Sep 6, 2006 4:22 PM
Nickname: Short term
Review: Investors should review what Telfer's track record is--look what he did to Vengold. He has done it again, destroying wealth. No way was GLG's CEO going to allow him to run the combined operation, so with Telfer out, the long term is probably okay, but how long is long term? In the short term, GG's share price is whacked with GLG taking their money to bank.
Date reviewed: Sep 6, 2006 12:28 AM
Nickname: Mad Shareholder
Review: The problem with adding to your current GG position now is that GG is now linked with GLG via that takeover ratio. If you presume the GLG shareholders are taking their profits to the bank, that puts a very heavy load on the GG shares because of that link. The current GG bottom may be in the low 20s, but many factors could cause the GG price to suddenly jump up.
Date reviewed: Sep 5, 2006 5:05 PM
Nickname: papedoll
Review: I have given this a lot of thought and have decided that if we all jump out it only brings the price down further. Why don't we all take this opportunity to add more shares at this price. I have an idea that we will not see these prices again during this bull market. GG has been good to me and I look for it to continue in that path.
Date reviewed: Sep 5, 2006 1:13 AM
Nickname: Mad Shareholder
Review: Easy to say, "Vote by selling your shares." What about the recent 10% decline in GG stock price? I'm superstitious that the fall from 41 to below 30 may have been somewhat associated with the gold price decline from historic highs, but also with shorts who were setting up for this Glamis deal. What's scary is tht Goldcorp may match an even higher bid if GG shares continue to fall!
Date reviewed: Sep 3, 2006 4:08 PM
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