Replies to post #1321 on Gemini Exploration (fka GMXS)

[OG_Money]

2 things could happen it could be a cash buyout ... you get the value that GXPI was bought for and gets divided out by the number of shares

or

your shares of GXPI would get absorbed by the producer and become shares in the new company but it wouldn't be a 1 for 1 deal (well it all depends).

it all depends on value of PPS how much gold reserves they got in their mines, how easy it is to extract, the cost of extraction which is really low in columbia.

look up information on Aruiqipa i think thats how you spell it actually go the TAOL board to find articles on that company and they're buyout. that's what i'm hoping for here and on TAOL to get bought out after they find the estimated reserves.


OG

[Joe Kernan]

It depends on what the deal would be. IF its a straight buy out it could be cash for shares. OR it could be a share swap, GXPI for , say , AUY shares. Regardless of the way the wealth is transferred, it would prob still be a very good deal for the shareholders because the new company would want to maintain good relations. OR if we are really lucky, it becomes hostile and multiple company's bid for it and the price goes up and up. In that instance, it might be a good strategy to sell the shares before the deal is even over. Just like yahoo recently, it would have been better to sell yahooo shares just when the bidding war was makign big headlines because you get maximum price, or at least pretty close to it. But i think we are still several months away from that happenign, so dont sell yet. Buy and hold with this one, and watch it alot.