Time for a strategic Dividend MoveWesthold at $0.76 per share cad.
67 m WestGold shares ...2 shares for every 10 MMY shares ....valued at $47 million cad..in exchange for our Murchison assets including the ODY JV.
Allocate 25 % to MMY and 75% to MMY shareholders who can either hold or liquidate .
WestGold is brutally undervalued but has about $170 m in cash.
It traded at $2.50 just a year ago and gold has a very bright future.
Shareholders get 0.15 a WestGold share for each MMY share ...about $0.12 cad per MMY share.
Our company gets about 16 million WestGold shares valued at about $12 m.
Curently, we get zero value for any of our assets, let alone Murchison