OTCQX:DMMIF - Post by User
Post by
Kenny2Dogson Oct 02, 2019 9:57pm
119 Views
Post# 30190270
A competing offer
A competing offerWill be interesting to see who will put up an unconditional offer. Think about it like this with the Titan offer and it looks compelling! TTM@ 18c = 45c for us Day 1 of the takeover. TTM@ 30c = 75c in CGLD TTM@ 50c = $1.25 in CGLD TTM @ 80c = $2 in CGLD TTM @ $1 = $2.50 in CGLD TTM @1.50 = $3.75 in CGLD The Titan machine behind the combined company with cash in the bank to spend on the assets makes us a serious player and attraction on the ASX for the Gold funds. The funds will love to have a slice of us. We get to leverage against Titans network and their offer allows us immediate upside. There is no way we can get the returns above on the TSX or through a JV. But off the back of Titan we can. $1.50 on the ASX which is $3.75 for us would be achievable once you spend $15m drilling Dynasty.