Just curious, but wouldn't Bearing be worth more
... ha-ha, in our wildest dreams.
Win3car,
After the merger we LIEG shareholders would be forced to give 31 shares of LIEG for one share of BRGRF. Thirty-one shares of LIEG is worth $.02 each for total of $.62
One share of BRGRF is worth $.74 so there is a slight advantage of gaining 12 cents on each 31 share packet of LIEG stock.
If you had 100,000 shares of LIEG and surrendered these shares for 3,225 shares of BRGRF (100,000/31) you would then be $387 richer but you would now regrettably have a company run by Canadians and I am sure all of us here have horror stories to tell about owning mining stocks run by Canadians that we have bought in the past.
If you have noticed in the past week especially BRGRF has been trading on very low volumes (eg last Friday 42K) and somebody is carefully painting the tape before closing in order give the illusion BRGRF is worth more than 31 times LIEG. The norm is BRGRF simply trades at 31 times LIEG when this devious stock manager is off painting someone else's pig.
The fear for us at LIEG in addition to having blood-eating, newly-born-miner, do-nothing-for-us, copy-catting Canadians as our overlords is that once the BRGRF traders know the merger is actually approved that they let BRGRF go into free fall back down to a natural resting point of $.50pps and in the process crush LIEG down to $.014pps or below. If our LIEG stock sinks to $.0124 then your 100,000 shares of LIEG instead of being worth $387 more is worth $387 less than say it was just last Friday.
Our dilemma today is that BRGRF has no impressive money-making assets making real eatable money (for us) now... they seem to only rise and fall on the perceived value of LIEG. We at LIEG are simply looking into a BRGRF smokey mirror seeing back ourselves... along with the image of our own reflected dusty withered bootstraps.
My guess is that until the voting day of the merger some little nasty prostitute trader is going to keep BRGRF mechanically painted 10 cents higher than 31 times the LIEG pps and then after the voting day (but before the merger date) all us LIEG shareholders are going to take it right in the shorts as our bottom plus the old well-worn silky lifelines to LPI & MSB falls out from under us.
The Doctor
