Most mergers, fusions, amalgamations etc. within the mining industry is made with shares exchange - buy outs with fiat-cash is very rare -
they decided to buy us - they will continue to they get us - with RX deal or without -
If shareholders from US Silver allow the deal to stand, it will cost HL more shares etc. to buy us and it doesn't matter - Market Cap 1.28 billion - Outstanding 285.30M - they had their board meeting and decided to buy an USSIF pink sheet Market Cap 85.15m Outstanding 62.02m its pocket change peanuts for them in reality worth more than their closed down Lucky Friday & one in a very risky fault zone in Alaska with had a long history of problems - incl. Putin who want it and BS who doesn't care etc. etc.
HL will bottom fish as long as possible before a higher offer be made - often close to deadline (7th Aug.) - and expect some counter offers on TOP -
USSIF/USA is NOT capped; TA P&F Bullish Price Objective fiat$3.10 very oversold & undervalued
("U.S. Silver" or the "Company") today responds to a press release issued on July 25, 2012 by Hecla Mining Company ("Hecla"), which announced Hecla's intention to make an all cash offer to acquire all of the outstanding common shares of U.S. Silver for C$1.80 per share and all of the outstanding common share purchase warrants of U.S. Silver for C$0.205 per warrant (the "Hecla Offer").
The Company's board of directors is in the process of reviewing and evaluating the announcement with its outside financial and legal advisors and will notify shareholders of any recommendation in respect of the Hecla Offer by the board of directors through a news release and circular in accordance with applicable securities laws.
The board of directors will update shareholders from time to time on developments relating to the Hecla Offer and the Company's proposed combination transaction with RX Gold & Silver Inc. ("RX Gold") announced on June 7, 2012. The combination agreement between U.S. Silver and RX Gold will remain in effect unless terminated by either party in accordance with its terms.
The Company has retained Cormark Securities Inc. as its financial advisors and Stikeman Elliott LLP as its legal advisors.
About U.S. Silver U.S. Silver, through its wholly owned subsidiaries, owns and/or operates the Galena, Coeur, Caladay and Dayrock silver-lead-copper mines in Shoshone County, Idaho, with the Galena mine being the second most prolific silver mine in U.S. history. Total silver production from U.S. Silver's mining complex has exceeded 217 million ounces of silver production since 1953. U.S. Silver controls a land package now totalling approximately 14,000 acres in the heart of the Coeur d'Alene Mining District. U.S. Silver is focused on expanding the production from existing operations as well as exploring and developing its extensive Silver Valley holdings in the Coeur d'Alene Mining District.
SOURCE U.S. Silver Corporation
Hecla made a cash offer to USSIF's shareholders - CDE should make a better offer to U.S. Silver Corporation (USSIF) shareholders with exchange of shares etc.
the fiat$ is bankrupt & too risky to hold over night - would make no sleep - the one with fiat in the pocket will exchange it for Silver REAL MONEY a.s.a.p. - to be able to get LT real hard asset money
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