OTCPK:MGMXD - Post by User
Comment by
neugruftion Jan 28, 2013 2:11am
264 Views
Post# 20897586
RE: Orka sale?
RE: Orka sale? Wouldn't be shocking, and good catch the on the news. Some of the laws in place in Iceland to protect their currency are contributing to the economic malaise in the country. While this deal would have been great for both Alterra and the country of Iceland, the only loser here is Iceland and its people.
If true, as shareholders, its not actually a bad thing, as it sets a relatively market accepted value on the 66.6% portion of Orka HS that Alterra owns of around $200 million, given that the deal was scotched not on its merits but on the legal issues around it in Iceland. That alone exceeds the current market cap of Alterra itself.
Neu Grufti
https://neugrufti.blogspot.com