GREY:VMSTF - Post by User
Comment by
LongonZincon Sep 19, 2013 8:40pm
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Post# 21753269
RE:NAN .
RE:NAN .VMS holds 33.6 million shares of NAN, as well as 5.9 million warrants with a 0.21 strike price. At todays close fair book value for these holdings is 15.6 million. I think they still have about 6 million in cash. Cash + NAN=21.6 million. There current market cap =33.1. The Reed Lake interest is 30% not 25%. The market does not give a negative valuation to Reed, it is more like reduced valuation on the current value of NAN holdings (they are not entirely liquid).