RE:Hostile TAKEOVER at half price NavLiAuAgScV wrote: -Some rough math on a HALF PRICE takeover bid.
-Nav from PEA IS 1.12 Billion U.S.X 1.37 exchange = $1,534,400,000 Canadian and divide by 2 .
Divide by 75,000,000 outstanding shares . $10.00 per share . I suspect NAV from PFS will be much higher.
- I wonder how many shareholders would take a $10.00 hostile takeover bid ?
- Draw Your Own conclusions.
I like your math, but 'hostile' would probably mean something like $4 or $5 bucks. I'd do a poison pill provision if I was E3. The only thing stopping a HT would be multiple competing bids. I think an HT makes a lot of sense. Get 'em while they're cheap.