RE:Takeover
Hum the deal seems very low for Monarch Shareholders. 71$ per reserve or 44$ per resource...
Also they evaluate the spinco at 48MC$, does it worth that when you remove Wasamac and Camflo... Not sure at all...
Nice for Yamana shareholders for sure they get a strong asset for cheap...
"The total Yamana consideration (the “Yamana Consideration”) is valued at approximately C$152 million and comprised of 0.0376 of a Yamana share and C$0.192 in cash per Monarch share. This represents a value paid of approximately $71(2) per ounce of mineral reserves or $44(2) per ounce of mineral resources as defined in Wasamac’s mineral reserve statement for the Wasamac Feasibility Study.(1)(3)"