GREY:GDPEF - Post by User
Comment by
LeftBookon May 23, 2019 3:31pm
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Post# 29768966
RE:RE:RE:RE:RE:RE:RE:RE:RE:PERFECT - RCG - PLAN ?
RE:RE:RE:RE:RE:RE:RE:RE:RE:PERFECT - RCG - PLAN ?
Damian, Do you mean 40c in late 2016 ? The share count was 122M shares in late 2016. Someone was valuing the company, and their slice of the pie, at : 40c*122M = $48.8M That is half of Dufferin's $89.2M post-tax NPV. Sprott had invested $4M for 20M shares at 20c. The shareholder equity in Dec 2019 was roughly $13M. As for 74c that assumes 10:1 consolidation. If there is a 10:1 consolidation then all all historical data gets repriced. All the on-line charts will be redrawn. As an example the 40c price point will be repriced to $4.00/sh. Anyone looking at the old annual reports will have to make similar adjustments to private placements, debt for share swaps, etc. Until that happens it makes more sense to use the current share structure. Leigh is correct. There are too many possibilities to speculate on any single scenario. Anaconda is trading below book value. Shareholders should be rewarded as the company further defines the resource.