Here we have a stock with an optional CASH per share offer of 4.75 CAD from HL (with no HL shareholder approval needed), and we can't break $4.50 in spite of the fact we went to over $4.75 on a lower offer from Alamos! I never cease to be amazed at how inscrutable the markets can be. Presumably, I can buy at 4.42 and collect a minimum of 4.88(USD) in a couple of months. Not a bad deal.
I am only expressing my personal opinions or repeating public information from SEC filings or media outlets-which may or may not be correct. Do your own investigating before investing!