RE: Going up!!25 Oct 2018 19:08
The offer is an all share offer. 6.128 barrick gold shares for each Randgold you hold. If you keep an eye on Barrick SP on NYSE, when it goes up, rrs has to too because everyone knows that if you do some maths you can work out the relative price for randgold. Today , Barrick isn't doing so well after reporting to market , beat consensus revenue estimates but there was a big write down on one of their mines. Basically ,look at Barrick SP multiply it by 6.128 and then divide by the GBP/USD exchange rate. If RRS got left behind, so to speak, everyone would pile in, knowing what it would be worth when the deal goes through at end of the year. There may be a bit of a sell off from people who don't want to hold NYSE listed shares nearer the time however if you did hold and come end of March, a no deal brexit sends the GBP down it'll in turn increase the value of your barrick shares. It's all bit of a gamble. Hope that helps.