RE:Special Committee Members & VideoPsalm9012 wrote: It is interesting to note that the two directors who sold all of the their positions last fall now make up the Special Committee. Specifically, Denis Arsenault, an accountant, sold all his 101,916 shares last Nov. 14 @ 0.08 and, Alexander Davidson, former exec. VP, Barrick Gold, sold all his 177,666 shares on Dec. 11 @ $0.055. Albeit small positions relative to the other directors, it does show their dissatisfaction with the direction the company was taking. Now, however, they constitute 2 of the 3 members of the Special Committee. It appears MBAC has now turned to them to steer us in the right direction. I view that as good news. Regarding the alleged recent insider buy, I'm not sure that happened. Apart from Mr. Cina making the purchase prior to his appointment, I would be very worried as the supposed trade would have taken place after the company received the non-binding offers. This I believe would constitute insider trading and the last thing we want to see is the OSC halting trade or even completion of a deal to launch an investigation. They could buy all the shares they want through in-laws and relatives. Finally, I'm reposting the video that Supra originally put up of MBAC's Itafos plant in operation. https://www.youtube.com/watch?v=Xv1SAJYY5yU (Its unlikely to be a live link - can't do ever since Stockhouse put in new system - so you will have to copy the http and paste. Strangely, when I first opened, a yellow box appeared stating this is not a "shared video" and it is also not MBAC's website as far as I can tell.) You can see from the video that this is no "mom and pop" operation but rather can appreciate what a 500,000 tonne per annum SSP plant looks like. Further, you can appreciate how the NAV could be over $1.00 and we likely have much higher to go from here in any deal offered. Greg
Thanks for the video, this show exactly what a net PPE asset is.
And I agree with your share price evaluation.
According to the last financial report, the net PPE is evaluated to 529MM.
And the TOTAL liabilities is at 345MM.
(529MM - 345MM) divided by 182MMshares = 1.01/share