Under serious pressure
It may only be February but we might a l ready have t he Sens headline of the year from Village Main Reef – ‘ Heaven-Sent to make Cash Offer’. This is surely the best name ever for an acquiring company, especia l l y when t he company being acquired is under serious pressure i n a ver y tough industry as Village is. I know many minorit y s ha r eholders a r e deeply unhappy with t he offer and plan to vote ‘ no’ when it i s put to shareholders. But Village has assets i n a t ough i ndustr y, a nd buy i ng margina l j u n i or gold miners is not t he sure t hing many minorit y shareholders thought it would be. I would suggest taking the money from Heaven-Sent and f inding lower risk and more profitable places to invest.