RE:RE:RE:RE:RE:RE:*****RCG. $1400 PLUS GOLD****) Thanks for the question. My post was not clear.
My scenario was a cash buy out that valued the company at $41.6.
$20.8 went to the creditors.
$20.8 went to Sprott and the other investors received.
Regarding the $41.6M valuation.
20.8M is for mining assets (vs $31.3M on the balance sheet)
20.8M is for tax credits (vs $10M estimate market value)
Clarification.
The mining assets are not for free.
The buyer is paying for them with tax savings.
The buyer with taxes owning and $20.8M cash gives the sense that things are done easily.
They are not for free.
I'll try again.