-
SilverCrest Metals Inc. (SIL)
-
Gear Energy Ltd. (GXE)
-
Coeur Mining Inc. (CDE)
-
Quisitive Technology Solutions Inc. (QUIS)
Q: If you owned shares in these companies,what would you do?If selling Silvercrest,what would you recommend as a replacement within the precious metals sector?Thanks.
5i Research Answer:
The takeover of SIL is for CDE stock, and there is no premium left on the deal. We would consider CDE 'ok' but not hugely attractive and we would prefer to sell SIL for the much bigger PAAS. We would be very comfortable voting NO for GXE's deal, but we would not really expect it to be blocked. We would be fine just selling. We would be fine holding and tendering QUIS to the takeover for a 2c pickup and no commission.