TSXV:NORA.H - Post by User
Post by
blue_seaon Jun 06, 2011 9:02am
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Post# 18674531
Orko will sell 100% of La Preciosa - worth what?
Orko will sell 100% of La Preciosa - worth what?So set the case a third party would join the game and would make an offer. Does people on this board assume that for example a chinese investor would make an offer to Orko for 45% of La Preciosa? Up now Orko holds 100% on La Preciosa. And any offer from a third party will adequate this 100 percent of the property.
This 100% ownership will only change when PAA is building the mine and bring the project into production. But until that time ... if any third party would make an offer Orko can blow off the deal with PAA and pay these guys out ... and through the big financing they've made they still have the money to do that I guess. So before a mine is built PAA has to make an takeover offer of 100% for La Preciosa. And that is why PAA is in trouble - a takeover will be very expensive for them.
The thought that Pan American owns 55% of La Preciosa right now is misleading. And when a mine is in production Orko and their shareholders can earn good money too with 45% without any costs to pay. In that case the price also should be far higher than we see now. In any scenario the actual price is much to low. The market is a swamp, nothing has changed since 2008, manipulation is the daily business.