Post by
SuperTrader1970 on Sep 13, 2022 12:59am
Closing Tender Offer - Sage Ranch Sale
The company plans to sell the subdivision for US$139 million (C$181 million) or US$3.71 (C$4.82) per share.
I would hold Jeff to this final offer. I believe it is a great one. Hopefully some Fund Investment Company will buy Sage Ranch. No Delusion is fantastic.
Long on $GRB
Comment by
Frosch1 on Sep 13, 2022 4:01am
Totally agree! A special dividend can be paid from the sale of Sage Ranch and the rest stays in the war chest. Jeff mentioned something similar in the last interview. With the cash infusion, GRB can build a lot of new projects - having a lot of cash in these uncertain, volatile times creates a lot of opportunities.
Comment by
IfIOnlyKnew on Sep 13, 2022 5:18pm
Dont forget that only half would be giving back to shareholders ( maybe less) the rest would be "invested" in the other projects. So it's more $2.41 per share ...if they ever get $181M.