GREY:SWYDF - Post by User
Post by
HCaseon Jul 04, 2007 2:49am
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Post# 13033408
Vaaldiam+Great Western+Elkedra
Vaaldiam+Great Western+ElkedraCouldn't sleep, so stepped onto Stockwatch and Stockhouse for a bit, and what do I see - Vaaldiam announces a friendly takeover of Great Western Diamonds and Elkedra, an Ozzie company on the ASX and AIM as EDN.
Latest market caps of VAA 76mm + GWD 15mm + EDN (I estimate) 55mm C$ (fully diluted, anyway not less than 40 mm C$ o/s) puts the combo at $140mm, as of today's closing prices.
The combo is then a producer, developer and explorer, with all three in Brazil, along with exploration in Canada and Australia.
Hey, doesn't this sound like what SWY wants to be? And similar in market cap.
Or maybe I should say, VAA wanted to be what SWY was aiming for, and just leap frogged it.
I am commenting only on the notion, not on the quality. I don't know enough about VAA and GWD to comment on their prospects, and had never heard of EDN before.
There has been comment on this board that most companies will spin off their development projects to maximize value, and questioning whether SWY is doing the right thing going in the opposite direction. It is interesting that now VAA+GWD+EDN are following the same path as SWY. We will have something to compare SWY to.
I would be interested in comments from anyone who has looked at or owns VAA or GWD. Good or bad? Is there a good reason to consider the new combo as direct competition for investor dollars? Does anyone know anything about Elkedra? I might consider it to complement or replace SWY in my portfolio if the quality and prospects are there.
Or is it nothing more than an interesting comparison stock?