GREY:GLVCF - Post by User
Post by
theinvestor22on Jul 12, 2013 9:32am
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Post# 21603836
The Directors' Circular
The Directors' CircularI just skipped to the bottom to see the calculations in support of the $1.70 fair value, except that there aren't any. I've dealt with appraisers for decades and I've never accepted "It's worth what I say it's worth, JUST TRUST ME!!!" from any of them. You just have to review the calculations to understand their rationale and make your own determination as to whether it's reasonable or not.
So, you can guess how much I think this valuation is worth.
By the way, look at MNP's methodology. Do you agree with it?