RE:RE:RE:RE:RE:Very GOOD!to me its better to hold at this price. 30M should be worth .50 .
even if Calico was to issue a dividend of 20M it should be .40.
The offer should be pretty solid and should get shareholder approval.
will this formal share purchase include a purchase price of each share ?
and how much will Calico need to continue its business ?
seems like confusion on what the shares are worth right now.
maybe someone has got through to IR ?
to me it seems .225 is still way too low compared to this offer price.
Either way its good news. it wont go back down unless the offer is pulled.
here is from the press release,
Calico and Rockstar are to enter into formal documentation, including a formal share purchase agreement for the sale by Calico of all of the issued shares in its subsidiary, Calico USA, to Rockstar.
Buck Morrow, the President, CEO and Chairman of Calico stated: "The sale of the Grassy Mountain Project will provide our company with sufficient funds to grow the business during these difficult times in the market. The retention of a Net Smelter Return royalty will provide Calico with an opportunity to enjoy the upside potential of the project in the future as well. I believe this is a good outcome for the shareholders going forward and anticipate shareholder approval."