GREY:VAALF - Post by User
Post by
rborhion Jan 18, 2010 12:12pm
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Post# 16690751
Good or no?
Good or no?We're being bought out by a 3 cent/share company and only getting 0.8 of their shares for one of ours.
Total shares outstanding afterwards will be close to 800 million - lol.
On the positive side, mines are opening up, they're talking about Brauna being a producer (before bulk sampling results even), and they have 11 million in cash. Also some interest in a copper/gold property. They say they can fund everything on their own without further dilution to shareholders. I guess we'll see, but I'd rather have been bought out by a major at a premium.