Post by
nozzpack on Oct 17, 2023 7:05am
Unlocking Value Big Time
Make your money while the sun shines .
Assets hidden under a bush May perish before they see the sun.
So, if I were CEO here is what I would do..
Spin out QW South to Shareholders as a new publicly listed company, funded by a rights issue .
The rights issue would be 3 rights for each NFG shares held .
The rights would be valued at $0.33 each, with 3 rights enabling the holder to buy one NewCo share for. $1 .
NFG would hold 50% of NewCo by matching 50% of funds raised by the rights by issueing equivalent shares of NFG.
Rights would be listed for two months, so those wanting the cash could sell while others could buy more rights.
Sprott would backstop the rights by buying any that were not converted upon listing termination.
So, NewCo would end up with 70 m shares and holding $35 m in cash and $35 m in NFG shares ...cash and cash equivalents of $70 m.
This would be suffucuent funding for 2-3 years of exploration and development of QW South .
There would be no losers , as with NFH holding 50% , we get to eat our cake and have it too....and making capital gains both ways.
I can assure you that upon such an announcement , the NFG share price will see a substantial increase.
Why?
Because QW South asset value had no contribution to our current market cap.
Management should be bright enough to see and initiate this asset monetization.
Comment by
Evenkeel123 on Oct 17, 2023 9:20am
You can always stake a claim in Newfoundland and start your own exploration business. You might even call it the "lifestyle company" and show us all how it's done. EK
Comment by
Dixiedee on Oct 17, 2023 4:47pm
You can always buy a fishing boat and fish for golid you can call your ship the bent backwards keel this makes the same amount of scents as your post on recommending that the previous poster stake a claim in Newfoundland and call it lifestyle company your totally off topic sarcastic post seems to not get removed while some very good posts do