Samco Gold Ltd V.SGA.H

Anyone in?

[Eagleeye2468]

I thought there would be a lot more talk about this stock with gold climbing like crazy. Anyone buy this? I bought it in the 30s sold in the 70s just watching it now I loaded up a few shares at .50 again just to play around.

[bartno12001]

yeah just hold a few shares. if it works then share price opens at 3. Samco is saying they will get 2444 million from this (50 million to grantor and 194 million to samco). 194 million / 65 million shares = 2.98 share price. To me its apparent that yamana doesn't want to pay and its just wasting time. They have no more ground to appeal so samco has already won. Question is how much they have

[bartno12001]

I meant 244 million**

[Eagleeye2468]

Ya you said pretty much what I was thinking I just hit it for a couple quick flips I think it has tons of potential but it could be a bit yet. 

[oilgashappy]

Do you think that they will get the full $244M? The award is for 15% of the dividend Yamana/NTO received from Alumnrera + accrued interest from 2003 to 2014. There is an added kicker for future potential dividend till LOM at 2019. From Yamana, this is what I get for the dividend from 2008 to 2013: ($34.0M+$51.5M+$61.5M+$71.5M+$0.00+$27.9M). Do not have data for 2003-2007, and 2014. That's a

[Eagleeye2468]

I'll be honest here I always do my homework throughly but I just did some quick reading with this one and bought it on a whim and got lucky lol. The bit of reading I have done I would say they will get the full amount back but it may take a bit. Take in mind the stocks likely ti rally up with gold prices as well.