GREY:WFEMF - Post by User
Post by
guest208on Jan 28, 2015 1:08pm
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Post# 23372924
A different perspective
A different perspectiveYes .08c is brutal but the small shareholder is powerless and this merger will likely go through...likely because IMC has bowed out.
But look at it this way...
I have 68000 shares at much higher in my TFSA (no point selling here). At 0.1231 I'll own about 8400 shares of v.All.
IMC valued this one project at $140m (35m for 25%). With the drilling done and project derisked, this is conservative and the open market should value it higher but let's use $140m.
V.All has a current cap of around 35m. After the merger the float will be around 100m shares. Fair market value (not fair but...) for the merged company is 140m + 35m=175m/100m shares...$1.75/sh for Almonty.
I'm waiting for this target. That would still only make my original WOF shares valued at .215c but at least I'm in the money. I'll keep my interest in Sangdong but it will be under a new banner with better management on a better exchange.