RE:Special Report Olteanu
Took a look at this special report on ESM .Certain things Jump out . Like to point out a few of these
1. Shares listed on page 2 ( 111,786,339 as of 07/29/20) are incorrect . TD Bank shows 169 M today . The correct number .
2. Lassonde curve is the focus of article and how ESM sits at beginning of pre construction phase .
It seems to imply mine will be built to maximize full value of deposit all throughout then at end throws in buyout possibility .If latter is the option,there will be no maximizing value for shareholders!!
3. share dilution is very likely in construction phase . Given the seriously understated # in 1 ,
Investors will be in for a huge shock if it balloons from current 169M to maybe 250M
The irony here is that Pierre Lassonde's mine life cycle is front and center but unlike Lassonde no F&M Insiders see fit to invest and capitalize on this great investment !!
yout thoughts !
Buyout or build a producer??
any more dilution ?
Will insiders buy in
what is a reasonable buyout price based on NPV