Battle Mountain Gold (fka BMGX)

[JD400]

BMGX the trail I'm following now leads me here, HUmmm

[Manny D]

"The consideration payable to Battle Mountain shareholders will depend on the average trading price of Royal Gold's common stock preceding the closing, and ranges from 1,634,410 Royal Gold shares, if the Company’s stock price is at $29.00 or below, to 1,570,507 Royal Gold shares, if the Company’s stock price is at $30.18 or above. A proportional adjustment will be made between these two trading prices. On a per share basis, Royal Gold will pay Battle Mountain shareholders between 0.0172 and 0.0179 shares of Royal Gold’s common stock. This consideration is also subject to a potential holdback of approximately 50,000 Royal Gold shares, or approximately 0.0006 Royal Gold shares on a per share basis, for contingent liabilities."


so that basically sums it up. Thanks for the response DCD, you cleared it up for me. Now its just a waiting game I guess. Dont worry about not having PM's we can discuss things on the board

[DCD]

Thanks Manny for the board! There is a conversion formula depending on the closing price of Royal Gold on a certain date. (.0172-.0179 shares of Royal Gold for each share of Battle Mountain if memory serves) ps sorry I don't have pm.

DC

[DCD]

Well we won't have long with Battle Mountain, with the buyout, I hold 25k shares. I'm little dissapointed I didn't pick up some Royal Gold shares @ $23 when we had the chance. Are you holding shares of BMGX waiting for the merge?

DC

[Manny D]

more information will be posted soon