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Colossus Minerals Inc COLUF

Colossus Minerals Inc is a Canada-based exploration stage company. Principally, it is engaged in the acquisition, exploration, and development of mineral properties. The company's project includes Serra Pelada which is situated in the mineral prolific Carajas region near the towns of Curionopolis and Parauapebas, Para state, northern Brazil.


GREY:COLUF - Post by User

Bullboard Posts
Comment by naeden99on Feb 12, 2014 11:06pm
216 Views
Post# 22203088

RE:CSI.NT

RE:CSI.NTThe new money (the DIP) is coming in at an implied value of $1 per new share (plus warrant).  The notes are being written down to 30% of their value and getting shares at a valuation of $1/sh (plus warrant).  

This implies a value of ~$30/$100 or 3x the last trading price (and hopefully some upside on that if they can actually get the reorganized company into production).  

The notes could also get more if they are able to sell the company at a valuation higher than $50 mm.
Bullboard Posts