Galway Resources Ltd V.GWY

My Math

[SchiffKnowsBest]

About $2.00 share when you strip out what they owe (BMO) and add in cash for exercising of warrants and options.  I gave 75% value for the cash that is being reinvested in the new companies ($30 million).

 

145,000,000 shares outstanding (fully diluted).  Leaving very little to no value for Vetas or Victorio. 

 

Likely at least another $1.00 for those two (at rock bottom prices).  We should be at least $3.00 for a decent valuation in my opinion.  $2.50 if you are extremely pessimistic on what Vetas has.  I suspect Eike made an offer for everything but it wasn't to Hinchcliffe's liking.

[Trapper2212]

Sciff, I agree with you - 2.50 minimun. Question is why are so many selling for less than 2.20?

[mjh9413]

It's max 22c per GWY share in cash equiv but only about 11 cents when split between two spinco's (laws of amrginal use) but it is the assets that hold the value and the cash just makes each one viable, for a while....until their next equity issue!. What is value of assets in spinco's ex cash? And can we place a value in time between now and time deal consummated...probaby not a way GWY

[admantine69]

Schiff I agree with your math and past and future analysis. Also Redluke's. Rumy I like how you've jumped ship from basher to pumper but I do appreciate your negativity. I feel we see where this goes above the $2.05 level and the higher it goes above this deal is my speculation that buyers are still willing to pay, manipulate, and that the valuation is higher than what is dealt. Curious to

[wittbee]

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[EliTeTradR]

How about those house positions Schiff   Thanks