TSXV:CAV.H - Post by User
Post by
templetoothon Apr 25, 2012 4:33pm
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Post# 19835895
Intrigue all around...
Intrigue all around... IF the company were able to persuade the Koreans to fund the approx. $175 million, in exchange for 20% more of the project, that would imply a value of $437 million to the 50% BAJ interest, or about $1.10 per share with 390 million shares f/d.
Problem with that scenario is that NOBODY is that generous when you're on the ropes. Much more likely that you get a kick in the teeth than a helping hand.
Nightmare scenario is what happened to Katanga a few years ago when Glencore rode to the "rescue", or slaughter if you prefer, and diluted the *rap out of the co. But I'm sure that Dreyfus wouldn't want to make a few hundred million at our expense!