RE:RE:RE:RE:Ryan a good prospect?sherbrooke1 wrote: My only comment would be why would I vote for 16.5 cents in stock of Oban when we have 18 cents in cash liquidation value...........Assuming OBAN stays at 9 cents.
My preference is the lower OBAN goes pre merger, the less likely I am to vote for it.
We are about back to where RYG was before the merger announcement!
By going in to Oban you will get a premium on your current SP(at current prices). The management of New Oban will not be idly sitting on a pile of cash, they will be looking to acquire assets cheaply in a buyers market and hopefully adding value to them. You might have 18c in cash liquidation, but your SP is only 12c.