Well, if that's the case then Probeguy is correct- why woud anyone sell their shares now and not take the deal? Not to mention that the drill results for the next six months are going to come out at some point, and when they do I have to think that will give the SP a boost. I'm not convinced the market at large has any clue what's really there (they were bitching about the deal over at the G message board), and we only do because we've been following it all along. I understand a company the size of G won't be impacted nearly as much as PRB would have been, but at this point we should root for the market to view this as a good deal made by G.
As an American investor, I am not selling right now because the exchange rate blows and I'd rather wait and see if things return to a more favorable exchange.
Does anyone know whether once the deal goes through, we become short term investors of G under US tax rules? Or do you get to keep long term status?
