Hopefully it's not just Mac bank building a stake on behalf of Teranga, who at current pricing could be picking up a chunk of the company for no premium at all. I suspect this is unlikely though, given it was an all scrip TO bid. So...hopefully it's Mac bank building a stake on behalf of a "white knight" and we'll see a higher offer. Or...they might just be betting on the arbitrage opportunity. Brexit clearly good for gold in short term any which way.
GRY Price at posting:
18.5¢ Sentiment: Hold Disclosure: Held