Let's do the MATH on this dealPersonally, at the end, I see this:
A value of a soon full productive plant that have a total asset of 420M with 80M debt.
So 420M – 80M = a total capitalization of 340M
Plus, the value of an additional 56.1 % of GBL that is considered a world class phosphate mine.
For a total of 360M together, where we still own 3.6% or 13M
If 100% = 360M
Then 93% = 335M
And 3.6% = 13M
13M for our shares still give us 0.07/share
What we previously had was a company near bankruptcy and now we have a secure 13M for our shares, not bad…
As I see it , is it still a good investment, depending when you get in. GLTA