RE:RE:RE:RE:RE:RE:negotiationthe market values aris/caldas at $325 mil, twice the market cap of goldx at $155 mil.
aris has a well known proven mine building team, goldx does not.
aris is fully funded, goldx is not.
only when goldx is diluted until fully funded would goldx be worth as much as aris to be comparable.
aris will soon be making money producing at 50k oz/yr then almost 200k oz/yr, goldx is not producing yet.
saying goldx is much more valuable than aris is like saying an unfunded exploration company without a mine building team is much more valuable than a fully funded miner close to production.
the market disagrees with you and is saying that at the current production timeline, aris is worth twice as much as goldx in market cap. argue with the free market.
Heywood_Silvers wrote: Well, go ahead and run the numbers. GCM's and Aris's M&I resources pale in comparison to GLDX's elephant-sized resource. You think an elephant is going to come cheap?!
We know the 0.5 share offer was too low. Personally, I would love to get 1:1, but I know that isn't going to happen. So, I'm comfortable with splitting the difference at 0.75.
Matysek & Friedland were brought on board to ensure that we get fair value in any acquisiton. Whatever the ultiamate ratio ends up being, we all know it will be accretive to GCM shareholders, so it would be a win-win.