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Afri-Can Marine Minerals Corporation V.AFA



TSXV:AFA - Post by User

Comment by arpagon29on Nov 14, 2011 9:16pm
165 Views
Post# 19237169

RE: Felix51, you are confused

RE: Felix51, you are confusedWell, you post make one thing very clear: You do not read or understand the information. Teck has nothing to decide about the value of Afri-can's share in haib. Teck owns 70% of Haib and will keep it. Afri-Can and Deep-South owns equally 30% of the project and this is the part that will be listed. So, why do you mention that Teck will decide how much they will give to Afri-Can's shareholders?. You are confusing things that do not go together.So, to clarify the value, this is what has been presented: Haib host a resource of 4 billion pounds in the ground. Teck owns 70% and Afri-Can - Deep-South 30%. Half of that 30% will be distributed to Afri-Can's shareholders.So, now just answer this simple question: what, in your financial expert mind is the value of this 15% that will be distributed to Afri-Can's shareholders?
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