RE: royal bank ethics exposed -- ****ing banksters Jesus...why am I not suprised...great find idunnobut, maybe this sheds light on why RBC found the MWS and Ezulwini asset sale price 'fair' despite the following information
In December 2011 RBC reported that Mine Waste Solutions had a net asset value of Cdn $443.4m and Ezulwini to have a net asset value of Cdn $276.4m, for a total net asset value of Cdn $719m. Three months later in March 2012, a First Uranium report stated that RBC had delivered oral opinions that the asset sale of Mine Waste Solutions for Cdn $335m to AshantiGold, and the sale of Ezulwini to Gold One for Cdn $70m was “…fair from a financial point of view.” Analysis of RBC valuations seem to indicate between December 2011 and March 2012 the net asset value of Mine Waste Solutions and Ezulwini fell Cdn $314m.
Hopefully Sprott or another large shareholder challenge RBC's 'fair' valuation. Does anyone know who we can contact about the possibility that RBC's valuation is unfair and have it investigated? The information above clearly shows that RBC's 'fair' valuation is illogical.