GREY:WFEMF - Post by User
Comment by
lonadeon Jul 15, 2015 5:27am
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Post# 23924985
RE:RE:RE:Level 2
RE:RE:RE:Level 2Chizzles, its secondary how the share price will now fluctuate till the deal will close . They have come up with the 0.1029 for one WOF based on what both companies are worth. (as per the opinion of Almonty only!)
So even if someone now tries to manipulate the price, the value of both sides stays the same (based on mines/resources) and thats the key aspect for the judge.
And this is where the judge can be requested to reassess the value of WOF in relation to Almonty. The value of Shangdong and Muguk with their resouces need to be compared against the mines and resources of Almonty. We then use the current market price of tungsten and gold to come up with values.
Almonty must have done this already; which I hope for their sake! The reason for assuming this, they have not included the stage 5 drilling and are specifically mentioning this in the study. They simply dont want the resources of WOF to be even higher. This can be also addressed to the judge, as they must already havec the figures. They have the legal obligation to disclose such key updates as it happens and not hold it back.
I intend to do that simple exercise whenever I can find some time in the near future. If you then come up with a value 40/60, then it will be difficult to challenge the 0.1029. But if that shows that WOF is more worth than 40%; well then we have a case!
If somebody has already done that, please share, since I'm sure everybody would want to see it!