RE: RE: RE: How did you guys arrive at 38cents a s For the person asking how we got 38 cents, here is the calclation:
Offer price = $70 million
LFD outstanding shares = 181.7 million shares
price per share = 70/181.7 = approx 38 cents.
Since this is on the lower end of the fair offer, we may get another offer from NIKO Resources.
You would be a fool to think that other companies are not watching from the sidelines.