OTCQX:DMMIF - Post by User
Comment by
Tapps88on Oct 02, 2019 9:05am
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Post# 30186204
RE:Valuation
RE:Valuation Right now the market values us at about $30m 23c per share and prior to Titan lobbing the takoever as low as 14c per share. ... the market is the best indicator.
We have US$21m of debt so close to CAD$30m of debt. What is that telling you??
So why do you think we should be valued at 75c, the market has told you different.
What you should do is pin your ears back, sell your family home and bet the house on CGLD. But I bet you dont hold much stock. In fact i am certain of it.
You can say what you want but the offer presented is only the 2nd real offer we have received in 2 years. The last one was the scheme by Titan as well.
Based on my experince with companies that report this amount of debt and has been in administration which our subsidaries have been, normally means there is a lot more skeletons. I suspect anyone who does their DD in country will uncover this. So any offer if received will be subject to a lot of conditions.
No judge required for a takeover. I can simply accept the offer. You can decline.