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Yamana Gold Inc. (AUY)

NYSE - NYSE Delayed Price. Currency in USD
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4.9800+0.0600 (+1.22%)
At close: 04:00PM EDT
4.9900 +0.01 (+0.20%)
Pre-Market: 07:03AM EDT
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  • U
    UncleRemus
    I have a feeling gold is going to go on a tear with how’s things are going down south
  • D
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  • J
    Jim
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  • K
    Keith
    So I think I finally got it. AUY SP doesn't matter unless you sell before the merge. Once the merge, we will receive .6 GFI for each share of AUY. So if you are going to hold till after the merge, root for GFI SP to rise, regardless of what AUY does? The ten day average talked about was used to determine the .6 value of AUY vs GFI. Correct?
  • A
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  • T
    Tom
    Apparently, Monday, President Biden, along with the G7 leaders, will announce that they will not be accepting New Gold from Russia. My economics professors, as well as my life-long lessons, have taught me that when a supply of a commodity gets limited, then it skyrockets in price...we shall see.
  • D
    D
    $600 billion for foreign investment from the US... I hope a bunch of that goes to Argentina and stabilizes the country to allow the development or sale of MARA. Timing could not be better. The $600 billion is dilutive to the dollar and helps stabilize Argentina... What can be spent in Africa to stabilize that hot mess?
  • X
    Xavier
    The problem is that people have not yet figured out the true potential of bitcoin it started out as mode of payment without central figure but now it's all about what is the worth of bitcoin and how you can double your money by investing in crypto Mrs Julie O Kathi on Facebook is here to help you get there
  • C
    Carl
    Buy more. It's about 14% difference between the before and after transactions.
  • A
    Anonymous
    IMO the deal should have been for the pps at the time the deal was announced ...roughly $7 per share for AUY. But knowing that GFI would plunge and that 60 % of the diluted price would be the reward (5.87 USD todays price) seems a bit off. Auy was valued at $6.7B on disclosure day but now under $5B. Pete, try to convince me this is a good deal....
  • K
    KEITH
    We still don't know what ten day average SP of GFI they will use to determine the value of each exchanged share of AUY. Or am I wrong?
  • M
    Martinitony
    I'm going to post this again, a quote from Zacks article about the merger, From Zacks article

    "Per the agreement, shareholders of Yamana Shares will receive 0.6 of an ordinary share in Gold Fields or 0.6 of a Gold Fields American depositary share for each Yamana Share. The deal value of $6.7 billion represents a premium of 33.8% to the 10-day Volume-Weighted Average Price of Yamana’s Shares of $5.201 on May 27, 2022 (the last trading day on the New York Stock Exchange prior to the announcement), and on the 10-day Volume-Weighted Average Price of Gold Fields ADSs of $11.592. Upon closing of the transaction, it is anticipated that Gold Fields Shareholders and Yamana Shareholders will own approximately 61% and 39% of the combined group, respectively."

    Notice that it mentions May 27 as the weighted average day of the last ten days. So, they weighted averaged both companies during that ten day period and decided, based on those averages, that you and I and all shareholders of AUY will get .6 share of GFI in exchange for one of our shares. End. Finito. Decided. Get it. So, what that means is that you can now by 6/10 of a share of GFI by buying 1 share of AUY on the cheap.

    Who's selling? I don't know. AUY shares will be worth far more unless the deal blows up.
  • C
    Carl
    AUY is the miner to buy. There is a 15.8% premium that will be realized when the merger closes. Regardless of the POG.
  • D
    D
    As most of you know I was one of Yamana's biggest fans, Sure I would have liked Yamana to stay on its own and participate in the organic growth that the Company has put together as a plan for success. We shall see where this goes but in the meantime there is 15% upside in the arbitrage side of the deal. I'm still buying stock and selling puts.