OTCPK:MGMXD - Post by User
Comment by
4PCneanderthalon Nov 02, 2017 3:14pm
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Post# 26896303
RE:RE:RE:AXY's Shareholders' New Dividend Yield
RE:RE:RE:AXY's Shareholders' New Dividend YieldMy understanding is $8.25(all CAD) is the amount based on 27 Oct 2017 prices of $5.21AXY and $14.83INE. AXY shareholders will get 0.5563 shares by default unless the shareholder requests the $2.06 and 0.4172 shears on a first come first serve basis as the total amount of cash available is limited to $123M. If INE share price is greater than $14.83 at the time of unification, AXY shareholders end up with a better deal, if lower than $14.83 than the reverse.
My concerns are:
1) will the INE dividend withstand additional dilution (AXY shareholders will be 19%(if I recall correctly) of the combined AXY/INE).
2) When will the USD/CAD conversion be applied. The slideshow was base on $1.289CAD to $1USD.