GREY:QNMNF - Post by User
Post by
rbsanitationon Dec 07, 2012 12:02pm
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Post# 20698942
$100,000,000 in the bank
$100,000,000 in the bank This company has over $100M in the bank and right now the prospective buyer appears to be having difficulty acquiring enough shares to complete the transaction at a .611 share exchange. OSK still have to go to market for a whack of cash to complete the mine.
If another player steps in and buys OSK at this level could seriously devalue QMI shareholders.
The current deal is a poor negotiation discounting CASH, over $100M worth of cash.