TSXV:CAV.H - Post by User
Comment by
tigerseaon Apr 18, 2008 10:00pm
351 Views
Post# 14987733
RE: Buy rating
RE: Buy ratingI am not bashing and you have to get the math right or are you trying to pump?
you need to separate the deal into 2 events:
1) sale of 30% project and,
2) financing of capex.
that $435M INCLUDE their 30% capex of $273M.
Koreans only paid to BAJ somewhere between $0 to $162M for purchasing of the 30% interest of the mine as consideration, depending on the amount of debt.
and BAJ management is not releasing this figure and the market is not satisfied.
I for one want to buy more BAJ, but just don't want to pay for more than what the Koreans did.