GREY:GDPEF - Post by User
Comment by
LeftBookon Mar 14, 2019 9:39am
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Post# 29484369
RE:RE:old Anaconda offer
RE:RE:old Anaconda offer
Share prices were in the same ballpark in the spring of 2017 so that would have brought the shareholders on side. ( I think share price at par is a coincidence. Share price swings, soars and plummets haphazardly with the juniors.)
I prefer to look under the hood.
A share for share deal could also be done at a book value.
book values were also similar
ANX 2017ye (May) $35.7M/382M = 9.3c/sh
RCG 2018ye (June) $8.5M/123.4M = 6.8c/sh
Valuing RCG's tax credits at $3M would have valued both at 9.3c/sh