Artek Exploration Ltd ARKXF

RE:RE:RE:RBC target on KEL now $12....

[teevee]

Luminous wrote: RTK has been beaten to such a pulp that shareholders couldn't be happier, some won't make money but under the circumstances they'll be glad to walk away with a reduced loss.

As for NAV's - what does it matter its what the going market price is at a point in time.

It matters quite a bit......for example, a fairness opinion should use the same metrics for both the buyer and seller, and the boards of both companies are behooved to consider what is fair as it is their feduciary duty and responsibility to do so.  There is no shortage of legal precident on that alone,  howver, there should be firmer rules on this for the protection of shareholders, and making it easier for shareholder class actions in the courts..  RTK's recent report updated its NAV to just over $6/share full value. Using NAV to NAV is about as close as close as one can get to using the same metrics for both parties. It is clear that solicited "arms length" fairness opinions are "cooked" to meet market distortions. For example, in this deal, one metric used evaluating RTK was  $100/acre for undeveloped land when recent land sales are recorded at $6400/acre  for undeveloped land in the Inga area......that alone shaved off about $300 million for what is being offered......considering the spread between RTK's nav and this deal, the best short term solution would be for another player in the Montney to come in with a higher offer, forcing KEL to increase their offer.