PINL:VLTAF - Post by User
Post by
ALLEN4on Nov 01, 2013 4:31pm
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Post# 21869788
more commentary on takeover
more commentary on takeover "Although this transaction is a share-based deal, which BTO shareholders are likely to be unhappy with in the short-term, we view this deal as positive as it offers them the potential to double their current production (guiding 360-380,000 ounces of gold production in 2013) for a total acquisition cost of only $63 million. BTO is paying roughly $13 per Measured and Indicated ounce and $10.75 per total resource ounces (including inferred). The team at BTO is known for having one of the best due diligence processes in the industry and so I’m sure they have a plan for this deposit outside of simply waiting for the gold price to improve."
see link to full article below
https://ceo.ca/btovtr-b2gold-to-acquire-volta-resources-at-a-106-premium/