GREY:ALXDF - Post by User
Comment by
LRGreturns4meon May 23, 2018 7:44pm
129 Views
Post# 28072456
RE:RE:RE:PRB financing vs AZX attempted financing
RE:RE:RE:PRB financing vs AZX attempted financingHi Easycoder and Next Phase
The special committee NR was on 12/15 so the PRB offer was in hand or in final negotiations. The "set the record straight" NR confirmed that. So, from the 12/13 close at .055 The SP rose to a high of .115 on 1/31 then commencing with the descending movement back to .07 where we are today. So there was an offer in early to mid December and JK says rumored to be around .12. I believe the history shows us that .12 was pretty close to the right number.
Here is my problem; Why entertain that offer knowing an updated RE was forthcoming? EO gave us an idea that the resource would double. So was it 700,000 M&I at C$100 for C$70 million? That would be scary to me. If WH says based on ounces in the ground, is there a price per oz that the updated RE will factor on? If so, what is a fair transaction price per ounce in the ground?
I have thought we were at 1.3 to 1.6 Moz, but could be wrong on my aggressive estimate. I hope their remains continued interest in AZX after the July decision. Either way, it will get interesting when the RE is released. Best of luck,
LRG