If less than 66.66% of the shares are not tendered, then Argo will have to make a decision to pay more or abandon the deal. According to the agreement CSG will pay them $3million. Since CSG is worth so much more since the price of Gold has gone up so much, I believe that Argo will pay up. I think a fair price is approximately $2 US. (Argo will still be getting a great value). I say US, since the POG is measured in US$. I think the investors are so much better off if this deal does not close at the agreed price.
POG keeps rising and makes is stupid to tender now, IMO. If you read my former post, 21 days ago, you will understand that for every $10.50 rise in POG, the stock should gain $0.13US. Since the last 21 days since my post, POG rose about $100. This means the gain only, is equal to $1.30 per share, give or take. I am NOT tendering my shares.
I hope this post does not get censored & removed like my last two posts did. After all, I am entitled to my own opinion.
