GREY:ALXDF - Post by User
Comment by
Schmobyon Apr 10, 2018 1:56pm
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Post# 27860763
RE:RE:Merger with Probe?
RE:RE:Merger with Probe?Currower wrote: Frankly that is my only worry. ApparentlyThe last offer was 13 cents by Probe in Probe stock which is would be an incredible ripoff. After the Tahoe Lakeshore deal nothIng would surprise me on the
Venture. Never say never but I think ASX will be a buyout. The valuation is ridiculously low compared to Probe and QMX. GLTAL
While I respect your opinion Currower, AZX is only worth what someone is willing to pay for it. I have been following the AZX BB for some time now and it's same the regurgitated mentality day after day after day for the last 6 months, the same people making the same argument trying to convince themselves I suppose. From the old “the MM’s are just trying to get cheapies” to “ES won’t let it go without his say so and filling his pockets” etc. Unfortunately with the toxic management and charades that have occurred over the past few months and gross amount of outstanding shares and a depleted treasury combined with poor PR I actually think .12-.13 is more than a fair premium. That’s +50% higher than where AZX has been for quite some time. AZX would gain the huge exploration program, the addition of PRB AU ounces, a $30m treasury, less share dilution, a huge combined land package, stability, superior proven management and a larger institutional ownership. Personally if anyone should have a problem with this it should be PRB shareholders, in fact I would be further ahead to sell my PRB and buy AZX and get the 50% premium, I might actually do that with my spare cash that I was going to put into PRB. In my opinion this is great deal for the AZX shareholders that are currently holding a stock on life support, management has cornered you into a tough spot and this is a really good second chance to unlock the value for AZX shareholders at faster timeline than they are currently on if ever. If it were me and I was a SH in AZX I’d be all over this like white on rice. GL Read more at https://www.stockhouse.com/companies/bullboard?symbol=v.prb&postid=27860526#hDLYofI4sVYIfPG2.99