GREY:HRIVF - Post by User
Comment by
bart_dcon Jan 17, 2011 11:32am
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Post# 17983716
RE: RE: RE: Nord Gold IPO announcement
RE: RE: RE: Nord Gold IPO announcementIn my opinion in can't double.
I think one should calculate with 840 million shares and also that IPO is worth at most 4 billion $.
40% HRG = 1.6 billion
840 million shares
==> 1.9 CAD would be my best guess as value
perhaps +0.30 CAD for Prognoz?
make it 2.20 CAD at best
my guess is this one
Nord gold will receive about 240 million from the IPO.
They will use this cash (and some additional debt) to make another buy out attempt at 1.85 CAD