Moydow Mines fka MOY

[amarksp]

Even if it closes on Monday, I would not get my hopes up for anything close to full value being received, e.g. over C$1.20.

If it trades similar to other small cap mining cap arbitrage deals I have seen, it will pop up the first day (well above the 70% distribution amount and likely to 100% of NEM share value) on the announcement, and then trade back down again, IMO. You will likely have to hold until you actually receive the NEM shares to get the most bang for the buck, given NEM share price remains constant.

For example, even after PAAS formally announced to acquire BAY.to (i.e. after water rights fully resolved), the shares bounced up, dropped down a bit and were very undervalued right up until the day you received the PAAS shares and warrants. I bought more BAY.to the last day of trading for a 20% arbitrage profit. Sold all my PAAS shares and got the warrants essentially for free. Would not be surprised to see same for MOY...??

Similar situation when GLG bought out Francisco, I bought the last week prior to formal merger date for a good arbitrage profit as I recollect...