OTCQX:CBLLF - Post by User
Comment by
lumpy13on Jun 21, 2019 12:08pm
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Post# 29849775
RE:RE:RE:RE:RE:RE:RE:RE:Cash and stock buyout by Pala Investments of KBLT
RE:RE:RE:RE:RE:RE:RE:RE:Cash and stock buyout by Pala Investments of KBLTDoing some rough back-of-the-envelope calculations, if you compare what was paid for Ramu and the other royalties/streams to the current value of the physical cobalt and what was paid for Voisey Bay, the ratio is about 80/20 vs the offer of 62/38.
So, they should increase the cash offer by about C$1/share. As I stated from the beginning, their numbers are bogus.
Personally, I'm in it for the long haul and have no problem holding on to KBLT shares, even at the pre-offer price as Pala is trying to take us out at the low point in the market.