Ryan a good prospect?
Hi, EAG shareholder here just poking my nose in. I hope the deal goes through even without Temex. Just done some calculations and I'm mystified. Oban current SP is 9c, Ryan is 12c and if the deal goes through each Ryan share will get 1.88 of New Oban which is currently worth 16.92. That means Ryan is trading at a discount of around 40% to the value of current Oban share. If the Oban deal falls through then you still have the $21.4 mil in the bank. Oh, and Ned Goodman's son is CEO so it won't be long until another deal will be done. Given the current weakness in the junior miners it is a buyers market and becoming more so as each day passes. Am I missing something or can someone give me an unbiased opinion why I should not bet the farm on RYG?