POLYMETHere's a story where a Major " bought out " remaining common shares.
Larger holders remain... while smaller or common shares bought.
34.5 million shares ( approx 18% shares )
$73 million
$2.11 per share
https://www.reuters.com/markets/deals/glencore-buy-remaining-18-stake-polymet-mining-2023-07-17/
Question is,
if one separated larger % shareholders from laerger,
how many common shares of
NCP are held by smaller investors ?
Wellgreen vs Polymet (
Wellgreen has 7x more plats + 137 million lbs cobalt + copper )
What's wellgreen's TRUE Eq ? ha
Tack on, Cr, Ti, Mg, Fe + ss Ni + Plat + New Jade + tonnage - bonus - for future purchaser
POLYMET
Under Phase I, payable metals in copper and nickel concentrates are estimated at 1.1 billion pounds of copper, 133 million pounds of nickel, a combined 1.1 million ounces of platinum, palladium and gold, 1.1 million ounces of silver and 5.6 million pounds of cobalt.Dec 30, 2022
My former " spinco " post was a friendly number crunch
thoughtful of, current sharestructure + spinco
versus
another buying remaining common shareholders out ( minus larger % holders )
cost more... tease.