MAE shares 0,06$ or 0,16$ the real choice
With the current management, I don’t see any future or profit. They are just offering lower price and more dilution.
Here is the math. Current board are making a flow trought deal. For those who don’t know what a flow trough is, it allows to transfer the taxes expenses to the buyers. So a flow trough at 12 cents really mean a 6 cents break even point. Then the buyers are also receiving warrants.
The way to play those deal is to buy the flow trought, wait 4 month and then sell at market price. Once you are all sold out, you still can participate to a potential upside with the warrant but you don’t really care because you made somewhere between 50 and 100% profit. All of this brought the share price to the lowest possible point before you lose which is 6 cents. Let’s say you have another of these deal to participate into, you would not mind selling all the way to 4 cents because all in all you would still have made a lot of profit with everything between 12 and 6 cents.
So, Sticking with current MAE board means a stock price at 6 cents or less and a 15% dilutions and still no mine.
On the other hand, we have a company that is bigger better and ready to go, that is offering 16 cents so more share for the exchange. The day after the deal shares are already worth 60% more and the risk drop form 1 property to 5….
So the choice is pretty clear: when the date of the deal passes MAE share will either be worth 0,06$ with current management or 0,16$ with ANX management. I don’t see why MAE holders would keep their fat cats just to feed them more and worth less.