Big News out of Capital Gold Corp (CGC)

Capital gold was one of the first stocks I have recommended on here when it was around $3.60 a share. I continued to recommend it after it fell to $3.30 a share, calling it a buying opportunity. Capital Gold has pushed over $4.30 a share today on buyout news, though CGC has been rejective towards the $4.50 offer!

Timmins Gold Corp. (TMM.V) has made a proposal to buy Capital Gold (C$4.34, C$0.45, 12%) in a deal it values at C$4.50 a Capital Gold share. It’s offering 2.27 Timmins shares for every 1 Capital Gold share. It said that, despite repeated requests, Capital Gold’s board hasn’t been receptive to its proposal.

About Aaron Basile
Day Trading and Swing Trading Ideas, Certified Personal Trainer, Power Bodybuilding, Avid Sports Fan (NBA, NFL)

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