RE:RE:RE:Buyout Price of $5-$10 Why it is reasonableSquare, you got to take in consideration ESM - Vilhelmina Acquisition, which would put a bit of Buy Out of around $100 per share . >TORONTO, Oct. 10, 2019 (GLOBE NEWSWIRE) -- Euro Sun Mining Inc., (TSX: ESM) (Euro Sun or the Company) is pleased to announce that further to the press releases dated September 25, 2019 and October 9, 2019, it has completed the acquisition of all of the issued and outstanding shares of Vilhelmina Minerals Inc. (Vilhelmina) that it currently does not own (the Vilhelmina Acquisition). Vilhelmina is an Ontario-incorporated company that holds a 46.9% ownership interest in Vilhelmina Mineral AB (Vilhelmina Sub), a private Swedish company which owns an interest in past producing mines in Sweden and Norway. Pursuant to the Vilhelmina Acquisition, the Company acquired a total of 2,457,230 common shares of Vilhelmina from other existing shareholders of Vilhelmina (the Vilhelmina Shareholders) for a total purchase price of 9,088,235 common shares of the Company issued from treasury. Vilhelmina Sub is currently re-permitting the past producing Stekenjokk copper mine in Sweden and the Joma Gruver copper mine just 60 km across the border from Stekenjokk in Norway. Read more at: https://www.globenewswire.com/news-release/2019/10/10/1928359/0/en/Euro-Sun-Completes-Acquisition-of-All-Outstanding-Shares-of-Vilhelmina-Minerals-Inc.html >
SirSquibbels wrote: The stock market is about the little guy getting steam rolled these days, about manipulation and back room deals ie financing at .60 days before the announcment.
That being said the reason that I say $5 to $10 is reasonable is it takes ample being bent over into account. I figure by the time the buy out happens we will have issued about 100,000,000 shares combine this with a valuation of $1,000,000,000 (the mine is expected to produce about 3.7 billion) so lets cut the buy out valuation to about a quarter or an eighth to keep it in line of getting bent over CPN/ESM stock market style so.
Buy out with 100,000,000 million shares out
Company/assets valued at $500,000,000 to $1,000,000,000
and you get a fair bonning of $5 to $10 per share.
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