RE:Anaconda out of the game! $100M processing facility is a big expense.
Do you have the link to the article ?
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I don't know the details of the 25c offer.
Did it include liabilities or not ?
25c offer … liabilities included (effectively a buyout)
$30.9M shareholder equity (=25.0c/sh)
+ $16.7M liabilities
= $47.6M total offer
25c offer … liabilities excluded (effectively an asset purchase)
$30.9M shareholder equity (=25.0c/sh)
- $16.7M liabilities
= $14.2M net (=11.5c/sh)
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Notes:
June 2017 balance sheet, with 123.4M shares looked like this …
$16.7M liabilities
+ $8.4M shareholder equity (=14.7c/sh)
= $25.1M total