RE:RE:RE:Monarch gets a Buyout..We are nextYou must explain however what assets the $ 5 million deposit to access the data room is for .
Even at 10% of asset value...unheard of...the implied asset value is $50 million.
Surely, our cash and gold bullion will be distributed to us which would boost the total buyout value to over $80 million.....maybe 25 cents per
share.
I cannot see this being Mengaper as it is not in any shape to be sold for $50 m.
Perhaps Murchison on the upside, but that still leaves Selinsing and Mengaper, so we now have monetized one asset for $50 m, cash boosting cash and equivalents of $80 million and still retaining Selinsing and Mengaper.
Thats an even better deal for us.
In short, I cannot imagine a scenario where we will get less than $0.25 per share.
Further, we have the shares to call our own Special AGM in any circumstances of a low ball offer.