RE:RE:RE:RE:RE:RE:Should Tudor buy out AMK now?You would think that $600k a year would be enough, but review the financial statements. From 2016 to 2022 (2023 not released yet), they averaged 12% dilution every year. For the amount of activity in AMK, somebody(s) is/are very well paid.
Larry60 wrote: Rockport,
agreed that it is unlikely to happen. it it didnt happen back when AMK traded at a massive discount, cant see it happening now.
WIth AMK now a pure TC play, dilution will be minimal e.g. $600k a year would be way more than enough which really doesnt even register on the dilution scale as much as I hate to see money go out the door.
What all this brings us back to is TUO/AMK is way better to hold than TUD.
rockport1 wrote: Reasonable analysis, essentially a 100% premium to market. Which probably means it is too steep for Tudor. I would guess that the max they would pay would be far below that. Remember, that over that time period, AMK has had a 73% increase in shares outstanding, so there is still significant dilution taking place, even with the free carry.
Larry60 wrote: Rockport,
Pleas see my previous post. I think .25 cents at current TUD share price of .92 is a starting point for discussions. Ultimately, I dont think most AMK SHs will be particularily interested in any deal as nothing beats a free carry.
rockport1 wrote: I guess that is a question for AMK shareholders. For example, would you accept a 20% premium to market in an all stock deal? You would still receive the benefits of 80% of the Treaty Creek development going forward. The cost of the premium is no more free ride.
Curious what AMK shareholders would find acceptable. Please chime in.
fordster wrote: That is a great idea Rockport. It's either Tudor or someone else. The only problem is coming up with a valuation on this "moving target"