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Douglas Lake Minerals Inc DLKM



GREY:DLKM - Post by User

Comment by stockarchangelon Oct 03, 2011 1:18pm
289 Views
Post# 19112139

RE: RE: RE: offer by Canaco

RE: RE: RE: offer by Canacoluvthebull, you're absolutely correct - the valuation put on the property was $20,000,000 per the share exchange at fifteen cents. Things to consider: on September 21, the stock closed at .40, making the deal closer to $53,000,000 on a market cap valuation. There were RUMORS that Canaco offered anywhere from $20-50 million for the property - only the insiders know for sure. Believe it or not, our entire market cap is now under $50,000,000, or less than what it was just for Mengi's share at this time last year.
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