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Columbus Gold Corp CGTFF

"Columbus Gold Corp operates in the gold mining industry. The company acquires, develops, explores and evaluates gold in French Guiana. It owns two main projects and other projects. Montagne d'Or Gold project which is comprised of eight mining concessions and Eastside Gold project hosts a large area of shallow oxide gold mineralization. It principally operates in three geographical areas those are Canada, United States, and France."


OTCQX:CGTFF - Post by User

Comment by Fullplateon Nov 12, 2017 10:15pm
108 Views
Post# 26948799

RE:RE:RE:RE:RE:News - December 11 - The Allegiant Spin-Out Date.

RE:RE:RE:RE:RE:News - December 11 - The Allegiant Spin-Out Date.The private placement of Allegiant is priced at 60 cents per share, plus a 2-year warrant exercisable at a dollar. If Allegiant is worth what is being asked in the PP, then the Allegiant portion of a Columbus share is worth at most 12 cents. You get one share of Allegiant for every 5 Columbus shares in the spinout.

As far as what the Russians would pay for the French Guiana minority interest held by Columbus, you can bet that it will be quite a bit less than what many would value it at - certainly far less than C$1.85. The future price of gold is the largest variable. Unless the Russians want to make a very good offer, Columbus should not be in a hurry to cash in. The two parties are stuck with one another, and will eventually need to reach an agreement, which I assume will be an asset sale, not a joint mining venture.  The total value received by shareholders should be well in excess of the current share price, but the timing is uncertain. 
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