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MANICOUAGAN MINERALS INC MCOUF



GREY:MCOUF - Post by User

Comment by crossfit11on Dec 21, 2012 5:23pm
178 Views
Post# 20763279

RE: RE: RE: RE: RE: RE: Reverse Takeover

RE: RE: RE: RE: RE: RE: Reverse Takeover

According to yesterday's closing price at .07 cents, this would put our new shares ( post-consolidation one for six ) at .42 cents ( please correct me if I'm wrong...trying to figure this all out ) I think this values Flemish Gold at approx 25 to 30 mil. ( former MAM shareholders own 8.6% and current Flemish shareholders own 91.4% ) I didn't include the proposed pp at .40 cents ( another 1.25 mil shares to be included ). Their land packages do look interesting with potential gold. ( lots of more dd this weekend ) Still trying to figure out why they want to amalgamate with mam. I think our upcoming news on the aluminous clay drilling results will be what drives our price higher. Welcome any thoughts

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