GREY:BPVID - Post by User
Comment by
MudCreekeron Aug 15, 2013 5:29pm
460 Views
Post# 21674482
RE:RE:RE:RE:Sandstorm Gold Announces Agreement to Acquire Premier Royalty
RE:RE:RE:RE:Sandstorm Gold Announces Agreement to Acquire Premier Royalty
I think you're right on point 1, and wrong on point 2.
On point 1, I was wrong about the $28 million - it was indeed the cost to Sandstorm of buying the rest of Premier Royalty. This deal values the company at slightly north of $70 million - still a great deal for sandstorm and a raw deal for the minority shareholders, but something they can likely get a paid "impartial" advisor to say is "fair".
On point 2, the directors have a fiduciary duty to ALL the shareholders, not just the majority shareholder, whether they were appointed by Sandstorm or not. That's why they will trot out that bought and paid for "impartial" opinion saying the price is "fair".