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Duluth Metals Ltd DULMF



GREY:DULMF - Post by User

Comment by Nazarbazon Aug 24, 2014 4:26pm
200 Views
Post# 22873081

RE:RE:RE:RE:RE:RE:RE:RE:RE:Worse case for DM shareholders

RE:RE:RE:RE:RE:RE:RE:RE:RE:Worse case for DM shareholdersAs your own post shows this is an option. To get a price for TMM, note that DM for the most part is a proxy for 60% of TMM. So market price of TMM is 10/6 times EV of DM. Enterprise value of DM is around 50M$ soTMM is priced at around 80M$. 
I am very disatisfied with management but they can't possibly be stupid enough to pay 220M$ for something with a market price of 4/10*80M$.
marpincan, allow me to suggest taking a course in finance would be very helpful for you.
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