Follow the money trail.......- Total outstanding shares presently = 45m
- Market cap @ today's close = 450K
- Total outstanding shares after finance offering = 69m
(45m existing+12m offering+12m warrants)
- Potential total market cap based on today's close = 690K
- 5-year royalty stream beginning in 19 mos. valued at $5m total
- Each year royalty stream = $1m/yr
Now let's hypothetically say a take-over offer is made at C$0.04 (a 400% premium to today's close). This would equal $2.76m. The purchaser would then receive the royalty stream that is $5m total over 5 years, in addition to gug's valuable property portfolio. Put another way, the purchaser virtually gets gug for nothing and "pockets" the remaining royalty cash, and still owns the property. I'm saying all this to impress upon you just how extremely valuable this company is right now.
Today's closing surface ask at C$0.01 represents one of those rare opportunities that are few and far between. Disclaimer: I got my gug shares the old-fashion way by patiently waiting till I got filled at a penny. Dyodd. Jmvho.
goldopp