TGZ/Lake Shore - Comparison Tahoe agrees to buy Lake Shore on Monday in an all-stock deal valued at C$945 million (USD$677 million). C$1.71 per share
Below taken from Yahoo Finance:
C $$$
| Balance Sheet |
| Total Cash (mrq): | 87.19M |
| Total Cash Per Share (mrq): | 0.19 |
| Total Debt (mrq): | 110.62M |
| Total Debt/Equity (mrq): | 21.71 |
| Current Ratio (mrq): | 2.62 |
| Book Value Per Share (mrq): | 1.12 |
Shares Outstanding: 463.22M
Lake Shore Gold Reserves (as of December 31, 2014) - 773,300 ounces
Measured and Indicated (as of December 31, 2014 – 3,744,000 ounces
Inferred (as of December 31, 2014 – 3,593,000 ounces
Combined Reserves/Measured and Indicated* - 4,517,300 ounces**
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COMPARE – Teranga C $$$
| Balance Sheet |
| Total Cash (mrq): | 29.88M |
| Total Cash Per Share (mrq): | 0.09 |
| Total Debt (mrq): | 13.21M |
| Total Debt/Equity (mrq): | 2.45 |
| Current Ratio (mrq): | 1.40 |
| Book Value Per Share (mrq): | 1.48 |
Shares Outstanding: 392.00M
Open Pit and Underground Mineral Reserves (as of December 31, 2015) – 2,630,000 ounces
Measured and Indicated (as of December 31, 2015) – 1,811,000 ounces
Inferred (as of December 31, 2015) – 944,000 ounces
Combined Reserves/Measured and Indicated* - 4,441,000 ounces**
*
Measured and Indicated can be changed to
Reserves by `Qualified Person’
**With just 76,300 ounces separating the two Companies,,, IMO TGZ IS severly undervalued.- Note the difference in debt and shares outstanding.