Re KL made a big mistake Market Cap of BAR now $C 56.2 million
Market Cap of WM now $C 305.2 million
Combined MK $C 356.4 million
Kl owns about 9.8% of WM already that saves about 35 million and WM has about 70 million in bank for this years drilling.
So an offer of $500 million (a 40% premium for both) would only cost KL about 395 million Canadian dollars or about $286M US . KL could easily afford that but I highly doubt ES or many WallBridge shareholders would be prepared to accept that price. Works out to about 73 cents for a Wallbridge share
BTW it appears Reply and Quote are not working properly right now on SH
or about 52 cents per Balmoral share.
It won't happen. I think we'll have to be satisfied to wait for WM to prove up the rescource and get 3-5 times that minimum a year from now.